E-Forex - The Euro has lost most of its previous week gains on Friday as the greenback rallied across the board. The fall from the 1.5950 mark to 1.5711 comes as a mid-term corrective move and the upside bias remains valid. The Euro has to remain above the recent lows at 1.5711 in order to rebuild strong positive momentum and start an assault against the 1.6 zone. On a short term basis, more downside is likely to be seen after testing offers into the 1.5850-1.5900 zone.
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