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Morning Briefing Euro (1.2172): Euro is again testing the lower end of the crucial 1.225-1.215 zone and seems to be turning bearish for the medium term. Crucial supports on 3 day and weekly candles seem to have been broken decisively. The ECB meeting later today could be the final decider of whether the Euro will bounce back from 1.215 or not. Right now, it seems increasingly unlikely that the Euro will gain any significant strength from here. Our Apr ’18 Euro report’s preference for bearishness in the Euro after May/Jun looks likely to happen earlier.
Last Updated Open High Low Close
26-Apr-18 1.2162 1.2190 1.2156 1.2176
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Vikram Murarka ["Vikram Murarka, Chief Currency Strategist at KSHITIJ.COM. Likes to look at the markets from many different angles. Weaves many conventional and unconventional technical analysis techniques and fundamental analysis into a global macro perspective. Likes to take the road less traveled."]
APR 4, 2018 AT 9:29 AM

04Apr18 Euro 1.2282: Crucial juncture. If Support at 1.2250-25 holds, a rise to 1.2425 and higher is a possibility. Should know in a day or two. @analyst_viji @saandhy_g
~ Vikram Murarka