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Stops trigger at 1.4110/15
With the Swiss franc leading the way, the dollar has come under pressure across the board in late European trade. Stops in the 1.4110/15 area have been triggered. EUR/USd found support at the 1.4125/30 level and is now bouncing strongly. Oil is rising sharply, now at $101.00, while equity markets are up 0.4%, reversing modest early losses. More stops are seen above 1.4135, just above yesterday’s midday top. Selling EUR/USD in the US morning on Greek headlines has proved a losing short-term strategy in recent weeks….