• EUR/USD 1.1623-35 EBS range on Tuesday

• The influential 200-DMA is 1.1634

• Traders have been betting on euro dropping since start July

• Probability of short covering would increase on any close over 200-DMA

• Potential buy signal if 21-DMA at 1.1612 rises over 200-DMA at 1.1634

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EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)