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Testing session low

EUR
  • EUR is under small pressure, at session low against the USD, GBP. CNH, CHF..
  • Recall that we have 1.41bn option expiry at 1.1300 in EURUSD.
  • Also worth keeping an eye on EURCHF, albeit still far from the 2015 low printed this December at 1.03742.
  • Market participants have favoured fading around that handle in anticipation, that move towards 1.035/1.032 might get the SNB's attention

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