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EURUSD remains under pressure

  • Another spin cycle for Cable, with GBPUSD pretty much reversing most of Yesterday's gains.
  • Yesterday's low is at 1.2328, but better support will be eyed at 1.2308 Low May 25 and the bear trigger.
  • EURUSD trades at its lowest level since 20th March, and next support is at 1.0653 76.4% retracement of the Mar 15 - Apr 26 bull run.
  • Move in Bund is keeping the pressure on the EUR, with short bailing out in Germany, with 5k bought in Bund, Bobl and Schatz respectively.

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