Previously, we wrote; “Despite weakness in momentum, the Euro corrected faintly close towards 1.1585 area, and then managed to push higher to 1.1745.
Now we continue to see the mom. weakness on the bigger picture, but expect another attempt to retest and possibly slightly exceed 1.1745 area temporarily before pulling back lower.“
The Euro is still approaching 1.1745. We still view this area as a resistance area, but expect a full re-test of this area today.
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