EURUSD is currently in a
bullish phase but 1.3490 can act as a near term resistance. A weekly closing above this level
can push it further upto 1.3830. On the downside 1.3000 can act as
a good near term support & 1.2720 a good medium term support. The expected range
in the medium term would be 1.2720 – 1.3830 & a break of this
range will decide the future course of the pair.
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