"If The Fool persists in his Folly he will become wise." - William Blake
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Back to opening levels for the EUR/USD
The Middle Eastern led rally ran out of steam at 1.3120 and we’re back down to familiar session opening levels again. There’s talk of a France downgrade doing the rounds again which is pushing this back down through support at 1.3070/80 to 1.3058. Bids are sitting around 1.3060 at the moment and more are now cited down in the 1.3025/35 area (NY low was 1.3025). Option interest also lies at 1.3060 and 1.3050 ahead of the large strike at 1.3000 EUR’s at 1.3065, will the desert buy again……
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