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Euro found plenty of resistance above 1.2350 handle in the course of the yesterday's session and was then pushed sharply down going all the way to 1.2240 level by the daily closing as USD was mostly boosted by tomorrow's rate hike expectations. This will the focus of tomorrow's session as there will be no major data releases from Eurozone. Any type of supportive candles around 1.22 and 1.2150 area would be short-term buying signal, while resistive candles above 1.23 and 1.2350 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, despite this pullback. We expect plenty of support around 1.15 handle, and next major resistive point above 1.25 handle.