EUR/USD has rebounded back onto the 1.3000 handle after failing to sustain levels below 1.2980. Dealers note talk of a gas odor in the midtown Manhattan which is rumored to have caused evacuations.
Central bank buying interest continues to cushion the downside in EUR/USD while steady liquidation of stale longs is capping rallies. If there is a terror angle to the gas rumors in New York, a sharper bounce could unfold. Sellers are seen through 1.3050/55. Stops are seen mixed in around the same levels.
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