EURUSD: The pair still retains its corrective pullback risks as it remains vulnerable despite a two-day attempts on the upside. Support is seen at the 1.2824 level where a violation will call for a move further towards the 1.2755 level. We expect a cap to occur here and possibly turn the pair higher again. Conversely, although EUR continues to hold on to its broader medium term upside, it will have to return above the 1.3171 level to resume its short term uptrend. This will open the door for a run at the 1.3282 level where a violation will call for a move further higher towards its weekly ema at 1.3415 level. All in all, EUR continues to maintain its corrective tone.
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