Extending its previous session's rally, the European currency rose back above the key 1.27 mark against the Australian dollar in early deals on Thursday.
The euro rose to a 3-day high of 1.2708 against the aussie before leveling off around 5:10 am ET.
The euro-aussie pair reversed previous two-days' correction in an uptrend with 1.2715 seen as the next likely resistance level in the near-term and 1.2810 seen as the medium term target.
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