• German industrial orders fell 10.6% mm in August

• Orders were expected -1.05 mm

• Range of expectations from 24 polled was -5.0 to 1.5%

• EUR/USD which has been pummelled of late static near 1.12 in reaction

• Drop appears stretched with traders short looking for opportunities to buy

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German industrial orders

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)