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EUR/USD takes out 1.02 as US yields press higher

The EUR/USD has just now taken out the previous session low at 1.0208. The Euro has fallen below the 1.02 handle a moment ago too. The low seen has been set at 1.0178 as US yields press higher again and the 10 year yield nudges that 4.80% level once more. The further fall in the euro was not unexpected here and it comes as the GBP/USD hits a fresh 2025 and session low at 1.2105. The EUR/USD seems to have tripped potential option based stops, below 1.02 as it slides further this morning. The EUR/USD is currently trading at 1.0187
 

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