Euro has reacted to some extent on its bearish pattern and it is good to see that it is getting support around 1.27 levels. Since it is trying to make a base here so a reversal may happen but unless it crosses level around 1.28 and stays there for some time, it will be hard to predict about any change in environment. So there is a chance of flat early days in coming week. On the other hand if it breaks 1.27 then there is a possibility that Euro may test around 1.25 support ranges.
Euro has the chance to create bullish pattern but for that it has to break 1.31 levels in the upside but now after this week’s moves it will be an expectation for future.
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