Though in last week I was talking that if Euro fails to break 1.32 ranges then there is a chance that it may create a bearish pattern but still I am not totally sure about that. Because if EURO maintains level above 1.29 in early days of the coming week then there is a chance that it may test more in the upside. As I said in past that for now around 1.34 is the target level for Euro.
On the other hand in coming week Euro may drop from around 1.30 levels but so long it maintains 1.29 level more up moves are quite expected. I will think about triggering bearish pattern when Euro drops below 1.28 levels. If it reacts fully on that bearish pattern then Euro may test up to around 1.25 ranges. But I will think about this in middle to later period of the coming week. Things will be frustrating if Euro gives flat move around 1.29 levels.
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