FX:EURUSD   Euro Fx/U.S. Dollar
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EURUSD             some more upside possible but limited

EURUSD             rebounded in the recent session and pierced through 1.2550. We expect this correction to continue towards 1.2590. From that level this market might resume long term decline or consolidate before mid term correction. We suggest short positions around 1.2590 with tight stops. The position can be stopped and reversed if the firm daily close occurs beyond 1.2600
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