Last week I was suspecting that if Euro does not able to break 1.30 in early to middle days then there is a chance that it may drop in later days. Now it is threatening to break 1.28 ranges and therefore it may trigger the bearish pattern which may take Euro up to around 1.25 levels in the downside.
Looking at recent moves, breaking 1.28 will be a big task for Euro so things may develop that it may maintains 1.28 levels and gives another lower high. But I will think about triggering the positive pattern if Euro breaks 1.31 in the upside but for that it has to break 1.30 in middle days of the coming week which looks tough job for now.
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