The earlier comments from German govt source have helped lower even further expectations for the EU summit. This has helped pressure EUR/USD which reached a session low 1.2417 after aforementioned sell stops through 1.2440 and 1.2420 were tripped in quick succession.
The weaker than expected German jobs report helped exaccerbate things.
Buy orders clustered 1.2400/10. I’d hazard a guess further sell stops gathered close below there, but no exact levels confirmed at time of writng.
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