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Broader base buying

EUR
  • EURGBP, EURUSD, EURCNH, EURSEK all at session high, breaking out of the early tight ranges.

QUICK MNI TECH:

  • EURUSD resistance is still at 1.1784 High Aug 17
  • Cable resistance 1.3786 High Aug 18
  • EURGBP resistance is at 0.8592/94 100-dma / High Aug 23, and also recall 1.16bn option expiry at 0.8600.

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