EUR/USD breaks 1.10 and nears the 200-day moving average



The euro is nearing the 200-day moving average for the first time since March 30. There was a squeeze higher in EUR/USD after it broke the April 15 high of 1.0991, sparking a run on stops.

There’s no fundamental news behind the move but watch out for the fix at the top of the hour.

EURUSD daily chart

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