The EU seems to have found support at the 1.2900 area yesterday with the pair failing to make further low after a few attempts to break the 1.2900 area. A possible retracement here might target the 1.3060/1.3100 area if the high of yesterday gets broken. A break below 1.2900 would see further downside. At the time of writing the pair is still consolidating in a 100pips range from 1.3000 to 1.2900.
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