EUR USD (1.3140) Short-term the first support is at 1.3070. Even as low as this, the euro’s recent exit from its sideways consolidation could turn out to be a false break. Below there, however, we would favour a further slide to 1.2930. On the upside, a recovery above 1.3225 would be an early positive signal, but bullishness is reserved for a break of 1.3340.
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Deutsche Bank