Eur/usd - 1.2264 ... The single currency continued to edge lower on active cross selling in euro (eur/jpy, eur/gbp n eur/chf weakened to 110.78, 0.8270 n 1.3585 resectively) due to renewed risk aversions as global stock markets retreated. Offer are tipped at 1.2305/10 n 1.2340/50 with stops buidling up abv 1.2360. On the downside, some bids are located at 1.2235/40 n 1.2215/20 with stops seen below 1.2200. Investors are focusing on the release of German Gfk index at 06:00GMT, manufacturing n services PMI at 07:28GMT n eurozone manufacturing n services PMI at 07:58GMT respectively.
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