The single currency bounce off the support zone of 1.2835 area during the last week trading session and rallied through 1.3060 resistance zone.
The bias remains to the downside provided 1.3060-80 area holds. The next target on the downside remains
1.2830/00 zone. clear break of the support zone will give rise for further downside momentum targeting 1.2750/00 area in the nearest session.until then. Trade safe & remember to apply sound portfolio management.
Good luck & Happy new trading week.
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