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EUR/USD likely to find buyers

  • Softer than expected IFO (107.7 forecast) makes way for fresh EUR/USD selling

  • Despite disappointment Feb IFO still hit Jan's results 106.8 vs 106.7

  • Unexpected sustained down move on IFO alone

  • Longs into low 1.13's seem cautious, more 1.1270-1.1534 chop expected 

 

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