Euro is trying to create a short-term bearish pattern which I talked about in my last review. But that not means that Euro will start to drop from that level, what I think that Euro will again face a small bounce but that may not be much. So if Euro triggers the bearish pattern then it my test a round 1.27 range in coming future. Here I must say that if Euro breaks 1.32 range in the upside and maintains that then it may not trigger that pattern, in that case we may think about higher levels. Where as if Euro breaks around 1.27range in the downside then it may create a medium-term bearish pattern but it needs time to prove.
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