A short-term bull theme in EURUSD remains intact and the sharp recovery off lows on Thursday reinforce this set-up. A candle formation on Feb 3 - a hammer - continues to signal a possible reversal. The pair has pierced a key resistance at the 50-day EMA, at 1.0426. A clear breach of the average would strengthen a bullish condition and signal scope for stronger recovery and open 1.0533, the Jan 27 high. Initial firm support lies at 1.0272, the Feb 4 low.
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Tuesday's Europe rates/bond options flow included: