After much oscillation between 1.2475 and 1.2560 Euro fell to 1.2475.This drop should continue towards 1.2550 today. However, the narrower range yesterday signals that this decline is ready to pause.Expect a day or two of retracing back to 1.2560 before the decline attempts to push towards its next objective levels at 1.2400 and 1.2200.A failure to hold below 1.2475 will be an opportunity for Euro to start a new rally, but only a strong rise through 1.2625 will suggest that the decline is over.
Sterling made a surprising rise yesterday.Expect ranging 1.8200 /1.8360 today before the decline continues towards 1.8090.
Dollar/Swiss should complete this rally segment between 1.2580/ 1.2600 today.A drop back to 1.2440 will follow.
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