Despite retreating from 1.2490 to 1.2209, as the single currency found support there and has rebounded, retaining our mildly bullish view that wave (v) has possibly ended at 1.1876 and further gain to 1.2570 (38.2% Fibonacci retracement of 1.3692 to 1.1876) would be seen, however, this A leg of the correction should be limited to 1.2673 and 1.2784 (50% Fibonacci retracement) should hold.
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