During the previous trading session, the European Single Currency trade at the 1.1360 level as it was predicted. On Monday morning, the rate was located at 1.1352.

In regards to the near-term future, most likely, the currency exchange rate will depreciate towards the ascending small pattern line and the monthly S1 at the 1.1330 mark.

Besides, it is expected that the rate will bounce off the small pattern line to trade at the 1.1340 level during the trading session on Tuesday

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