The start of the week saw a bullish movement. However, on Friday the pair became bearish and is expected to down further. The next level we shall be looking over is 1.3040 where the pair had a strong support and got the potential for bullish move. A breach from this support shall point to next level as 1.29x and 1.26x. Nevertheless, as there was a rapid decline in the pair on Friday some retracement is possible. Presently 1.3074 acts as a support where the pair ended on last Friday.
Courtesy: http://forex.zarrylyms.com/eurusd-weekly-analysis-april-913/
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