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The euro currency is trading near the support level 1.0787 level.

With the Stochastics oscillator moving from the oversold level, we expect the momentum to push prices higher.

If the correction persists, then we expect a move towards a test of 1.1030.

To the downside, if the support fails near 1.0787, then we expect a move lower to the 1.0663 region.

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