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TP1: 1.1270. TP2:1.1350. SL: 1.1130
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Trendline Breakout
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The latest round of PMIs from the Eurozone have disappointed and point to a slowdown nsurprisingly the Euro has dropped on this news, with the single currency falling to a 2-month low against the US dollar shortly after the release. The $1.11 handle has provided a floor on a couple of occasions in recent months but if the market falls below this level then you have to go back more than 2 years