Last week I was expecting that so long Euro maintains 1.29 levels there is a chance that it may not react on the bearish pattern.
Now its movements are confusing, if it does not able to break 1.30 in coming days then it may again test 1.28 levels. 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.
Smaller tops or I may say descending triangle which Euro is making in a medium term up move, generally indicates that more upside movements in coming future. As I said in past that now 1.34 is the target level for Euro but for any up move Euro needs to break 1.30-1.31 level convincingly. Here I must say that looks like Euro is making a short-term bullish pattern and it may trigger that at around 1.307 level in the upside.
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