Although euro has retreated after yesterday's
rally to 1.1903, as long as 1.1777/80 holds, mild
upside bias remains for erratic upmove from
1.1640 to extend marginal gain to 1.1907,
however, recokn 1.1970 should remain intact and
yield retreat later.
On the downside, below said support level would
signal a top has been formed and bring weakness
to 1.1725 but yesterday's low at 1.1681 should
contain downside...
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