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EUR/USD hits 1.3475

From forexlive.com

It’s an unstoppable machine right now. A macro fund is rumored to be behind the move but I don’t know why a macro fund would be buying, unless they’re covering a short. There is rumored supply at 1.3480/85 and barriers at 1.3500. This is a short squeeze but it’s hard to see it stopping before the 61.8% retracement at 1.3627. (full story)

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  • Category: Medium Impact Breaking News