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EUR: EUR/USD Shows Through 1.05 For First Time in a Year

EUR
USGlobalCEEMEABulletMarketsForeign Exchange BulletsRegionNorth America
  • EUR/USD briefly pierces through the 1.05 handle as the one-way traffic in the greenback adds further pressure here - this marks the first break below the level since early October last year and exposes 1.0448 as the next downside level.
  • Moves come amid heavy volumes and decent activity across currency markets - exchange-traded EUR futures are seeing cumulative volumes 20% ahead of average for this time of day, with the break of the handle prompting a decent uptick in trade.
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  • EUR/USD briefly pierces through the 1.05 handle as the one-way traffic in the greenback adds further pressure here - this marks the first break below the level since early October last year and exposes 1.0448 as the next downside level.
  • Moves come amid heavy volumes and decent activity across currency markets - exchange-traded EUR futures are seeing cumulative volumes 20% ahead of average for this time of day, with the break of the handle prompting a decent uptick in trade.