EUR/USD's decline continued last week and reached as low as 1.2697. Initial bias remains on the downside this week for 100% projection of 1.4939 to 1.3145 from 1.4246 at 1.2452 next. On the upside, above 1.2814 will turn bias neutral and bring consolidation. But recovery should be limited below 1.3076 resistance and bring fall resumption.
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