EUR/USD has edged through 1.3165 trend resistance and is eyeing the 61.8% Fibo from the drop from 1.3365 at 1.3175 after a big drop in the TIC surplus and a dip in US industrial production.
Talk of barriers at 1.3175 and 1.3200 is making the rounds this morning, helping slow what most would have expected to be a furious rally. Stops are being snugged higher with dealers likely to cut longs if 1.3120 is lost.
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