Euro's performance this week has been so far lacklustre. Weak economic data and expectations of further easing by the ECB next week have been weighing on it.

After five cent decline and closing in red in eleven out of last thirteen trading days, the pair stalled in the middle of 1.08 - 1.10 range which was hosting it in January and February. The pair needs to trade back above 1.10 to improve technical picture. 1.07 - 1.08 (long term trendline) is an essential support.

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