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Early pressure in the single currency...>

EURO-DOLLAR
EURO-DOLLAR: Early pressure in the single currency sees EUR/USD move back to the
lower levels of the session so far, with the opening of fixed income markets
across Europe seeing further pain for Italy: 2yr yields have now broken through
1%. Fresh 2018 lows won't be struck until $1.1607 (just below yesterday's lows)
which may prove supportive ahead of option-linked support on approach of the
$1.16 handle. The max 5th wave target of the fall from $1.2477 lies below at
$1.1592.

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