Technician

EUR/USDMomentum pro-decline, but gradually weakening. Euro still oversold (MACD). Deeper correction still possible, 20-day moving average should decide.

EUR/JPYMomentum pro-decline, but weakening. Further decline likely. Rebound from 20-day moving average should renew declining trend, breakthrough would mean deeper and possibly sharper correction.

EUR/CHFWe expect correction above 1.212 level soon.

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