Euro was pushed higher in the course of the last week mostly due to more dovish Fed stanzas then it was expected. Pair even broke above 1.13 handle, but this area proved to be too resistive for the pair at the moment, and by the end of the week pair pulled back to below 1.13 handle. Next week, should be less volatile, so we believe that we can expect some amount of support around 1.12 handle initially and 1.11 handle in extension. On the other hand, resistive candles above 1.1350 handle would offer short-term selling opportunity.