EURUSD: With renewed buying ahead of the 1.2583 key support (andconfirmation point for new lows) the pair is now back on apositive trajectory. Also the clear three wave setback visiblein the hourly chart supports more buying near term. A moveabove 1.2716 will also confirm an extension up into the1.28’s. Also the narrowing of US/Ger bond spreads islending support to a weaker dollar.
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