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EUR/USD expects more short-covering

Wednesday, February 25, 2015 8:15 AM UTC

Leveraged accounts for EUR/USD push to 1.1389 high
Extended loosening of shorts and lower option volumes extensively eyed
Today's high close to center of supposed key pivots 1.1270-1.1534
Significant narrowing US/Bund spreads to support EUR/USD
10's 10b lower from yesterday's open (15bp in 2 sessions). 2's 3bp

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EUR/USD expects more short-covering

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