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As the market opened this week, lots of optimism follows, just as traders believed risk aversion is ruling at that moment. But towards the end, the fate turned, and market climbed in the opposite direction until they tumbles back to their initial biases late yesterday. In light of this, unless a tangible breakout occurs next week, a long term range is on the way. While the EURUSD itself needs to break either 1.0597 resistance or 1.0414 support levels respectively; before a meaningful direction could be revealed.
