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EUR/USD Sharply Reverses, Trades Below Pre-Rate Hike Levels

EUR
  • EURUSD makes a new high by 5 pips from yesterday and sharply comes under pressure in most recent trade.
  • Pre announcement levels around 1.0196-99 now being breached ahead of the European lows at 1.0166.
  • Initial tech support resides at 1.0120, Tuesday’s intra-day low.
  • Worth noting expiries for Jul21 NY cut 1000ET (Source DTCC)
    • EUR/USD: $1.0000(E1.2bln), $1.0200-10(E1.8bln)

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