After hitting an annual low at 1.5062 dollars per euro, the pair is correcting down to 1.5013. The pair could find a support at 38.20% of the fibo marked from 1.4984 and 1.5062 dollars per euro, while on the upside, the pair could consolidate with the 200-day MA.

The bands of Bollinger show a 65 pips volatility in the hour, while the RSI is near 30 points, oversold area.

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