The euro may fall further against the dollar, if it is punctured by the level of correction Fibonacci, analysts said Commerzbank. The fall of the single currency was stopped by the level of correction of 38.2% of the movement of the maximum, reached on 25 November at 1.5144. If it passed the area of support at 1.4625/22, the euro may fall to the October lows of 1.4480. In the medium term is expected to drop to the 200-day moving average at 1.4118. In general, the pair will soon be consolidated in the range of 1.50-1.42 with a tendency to fall.
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