Despite euro’s resumption of recent rise fm Feb’s low at 1.2118 to 1.2391 last Fri, subsequent strg retreat suggests a temp. top has been made n conso- lidation with downside bias is seen for weakness to 1.2315 but 1.2289 shud hold n bring rebound.
Sell on recovery for 1.2305 or buy if euro drops to there 1st for another bounce to 1.2365.