EUR/USD slides lower in wake of poor German PMI data. BIS selling again

EUR/USD down at 1.2645, the single currency underminned by the weaker than expected German PMI.

Also getting reports that the BIS has been selling again in recent trade, helping grease the wheels. They were sellers yesterday up around 1.2705.

Sell stops gathered down through 1.2635, basically in the 1.2630/35 area.

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