The firm drop yesterday strengthens the case for Euro falling to 1.2550/1.2620.The current drop should stall around 1.2790 today and pullback to 1.2850 before continuing lower.A rise through 1.2890 will be a disappointing sign but only a break of 1.2940 will sill that Euro will rally to a new high.
Sterling’s drop should stall in the 1.8530/65 region today, pullback to around 1.8650 and then continue lower towards 1.8400.
Dollar/Swiss should extend its rise to 1.2230/50 today, pullback to 1.2100 and then continue its rise to break the recent high of 1.2300.
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