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Aug 12 - 06:12 AM
EUR/GBP Seller Eyed Behind EUR/USD's Sudden Drop
First appeared on eFXplus on Aug 12 - 03:50 AM
  • EUR/USD swiftly down from 1.1205 to 1.1170, EUR/GBP flow eyed
  • EUR/GBP dropped 0.9300 to 0.9261 within 20 minutes
  • Corp seller mentioned. Rapid pace of fall implies traders very long cross
  • EUR/USD drop brings 21-DMA at 1.1176 into play
  • Last four sessions have seen lows close to the 21-DMA
  • EUR 765mln option expiries @ 1.1175 today may well anchor spot

EUR/USD 5 min chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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