EURUSD: The correction case gained some more credibility yesterdaywith 1) a second day with a higher low 2) the first net up dayin eight trading days and 3) the fact that the market hasremained bid post ECB. All in all it seems like the tide slowlyis turning in favor of the overdue upside reaction. Tomaintain the correction view we should not see the pairsliding back below 1.2614 and can’t fall beneath 1.2583.
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