• As seen in Nov and Dec EUR/USD rebounding from an oversold situation

• Last week drop was stretched below base 20-day Bollingers at 1.0272

• Bounce from 1.0225 low has reached 1.0368 on Monday Jan 6

• Downtrend solid and likely to resume after a minor correction

• Top may form between Jan 2 high 1.0375 or Dec 30 peak at 1.0458

• Near two-decade high for dollar may spur bigger advance

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EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)