As the single currency has remained under pressure, retaining our bearish view that recent decline is still in progress and may extend weakness to 1.0510-25 (1.618 times projection of 1.1036-1.0803 measuring from 1.0887), however, loss of downward momentum should prevent sharp fall below 1.0475 (50% projection of 1.0887-1.0568 measuring from
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