Euro's recovery after yesterday's initial fall to 1.2440 has retained our view that consolidation above this level would be seen and corrective bounce to 1.2535-40 (50% Fibonacci retracement of 1.2632-1.2440) cannot be ruled out, however, reckon 1.2565-70 (38.2% Fibonacci retracement of 1.2771-1.2440) would limit upside and bring another
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