EUR/USD: phasse of consolidation before bears awake again?

EUR/USD is trading at the lowest levels since 3rd Decembers rally from 1.0518 that reached 1.0981 on the same daily stick when Draghi shocked the markets with a lack of commitment to what the market had already priced in.
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Talk of further China RRR cuts

China Securities Journal carries a story in which an unnamed analysts is quoted noting that a China RRR cut may be brewing.
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