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I mentiooned earlier tonight that the Euro smelt like it was going to rally, probably towards 1.2100 after teasing nuffnuff breakout traders on the break of 1.2075...
Well, it actually dropped about 20 pips further than I anticipated (the low was 1.2052) and the rally took forever to get underway properly. Then it got absolutely smacked in the mouche - with a vengeance. The rally top: 1.2096... it's back to 1.2087 now, and I reckon that's about as good as it's going to get.
So from 1.2071-ish to 1.2087 - let's call that 15 pips and leave it at that.
