EURUSD: With EUR halting its recovery the past week,it faces downside risk in the new week. On the upside,resitance lies at the 1.2839 level where a break will aim at the 1.2900 level,its psycho level follow by the 1.2950 level. Further out,resistance comes in at the 1.3050 level. Support lies at the 1.2600 level where a break will expose the 1.2550 level. Below here will pave the way for a move lower towards the 1.2450 level. All in all,EUR remains biased to the upside on recovery.
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