Intra-day euro-led retreat together with cross-
selling vs yen suggests a temp. top has been made
at 0.8798 n 0.8735/40 needs to hold for prospect of
one more rise to 0.8800/10 b4 retreat due to near
term loss of momentum.
Trade fm long side n only below 0.8724 confirms
correction fm 0.8578 is over, risks 0.8691/95.
Range Forecast
0.8745 / 0.8770
Resistance/Support
R: 0.8798/0.8826/0.8847
S: 0.8724/0.8702/0.8662
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