While waiting for US Retail sale announcement, we were expecting Euro to reverse from current low 1.3160, If any chance the announcement is disappointing, euro may break below 1.3144, upon breaking below this support, then it will drop further down to 1.2900-950.
However, as we are looking for a reversal opportunity, I prefer this level 1.3160 to hold and market reverse up to 1.3270, then to 1.3520 level.
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