Although the single currency has rebounded after intra-day initial brief fall to 1.1098 and consolidation with mild upside bias is seen for retracement to 1.1320 (38.2% Fibonacci retracement of 1.1680-1.1098), however, reckon resistance at 1.1374 would limit upside and bring another decline later. Below 1.1098 would extend recent selloff to 1.1050-60
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