Few weeks ago I was talking about different options for Euro and it is good to see that it finally reacts on its short-term bullish pattern and that also made it eligible for triggering the medium-term bullish pattern and Euro has already reacted to some extent on that. Now if Euro reacts fully on that medium term bullish pattern then it may go up to around 1.42 range.
For coming week it look to me that Euro will get strong resistance around 1.35 range in the upside and if it fails to cross that in early to middle days then Euro may drop more. 1.33 will be the first support range for Euro and if it breaks then 1.30 is the next support range. On the other hand if Euro is able to stay above 1.35 range for couple of days then it may again try higher levels but so long Euro does not cross 1.37 range it has the chance of dropping, in fact if Euro fails to cross 1.37 level then it may create negative pattern but it is early to predict about that.
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