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Euro's intra-day rally above 1.2727/30 confirms recent fall from 1.3334 has made a temporary low earlier at 1.2588 and choppy consolidation with upside bias would be seen for gain to 1.2772/82, however, reckon 1.2800/10 should cap upside due to over bought condition.
On the downside, only below 1.2650 would confirm the pullback is over and yield re-test of said support at 1.2588.
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