EUR/USD breaks below 1.1250

  • EUR/USD is finally out of the 1.1270-1.1450 range where it has been stuck for the past few weeks
  • Dealers saw large bids on EBS at the support area,  above 1bln in size, but it didn’t prevent the break lower
  • Stops in good size cleared below 1.1270 and the pair extended losses down to 1.1240
  • Next tech support seen at 1.1220 and then not much until 1.11

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