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EUR fades some of the 13.00GMT sell off

EUR

EURUSD fades off the lows, following the large sell off earlier related to a 13.00GMT fix.

  • Between 12.50GMT-13.00GMT, about 14-15k contracts traded in EURUSD (15k equates to EU1.85bn)
  • In terms of technical, closest level is on the resistance side at 1.2178.

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