Despite euro's marginal gain above yesterday's top at 0.8573 to 0.8578, subsequent retreat suggests consolidation with downside bias is seen for weakness to 0.8539/42.However, reckon price would hold well above 0.8512 support and bring a rebound.
Sell on recovery and only above 0.8578 would risk
Stronger retrace of decline from 0.8770 toward 0.8599
STRATEGY : Sell at 0.8560
OBJECTIVE : 0.8540
STOP-LOSS : 0.8570
FORECAST : 0.8540 / 0.8560
RES : 0.8578/0.8599/0.8610
SUP : 0.8539/0.8512/0.8505