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The next week is expected to be volatile for EUR. The Italian referendum and ECB rate decision are key drivers for the currency direction. Last week USD finished at 13year highs with EUR as week as others against USD. Most likely scenario is a contiuation of EUR sell-off and testing of 1.0 level against USD. Intermediate support sits at 1.046. Trading in EUR provides more risk than reward and it's suggested to stay away from the pair or take small positions aftr volatility settles. The direction of the move to be judged on the news.
