Yesterday, the EUR/USD dropped below the 1.12 level, which is a key level that this market has not tested in over a weeks time. Yesterday’s drop was approximately 200 pips - one of the biggest single day drops since the beginning of the year.
Today, followed by the high volatility, we could continue to experience ripple effects from yesterday movements. At 12:30 GMT, US GDP is to be released and could reignite the Euro fire, more than previously seen.
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