• EUR/USD rises to 1.1684 on Thursday

• Limit for correction of May-June 1.1794-1.1325 drop is 1.1694

• A rise to May's 1.1794 peak likely on any move beyond 1.1694

• The rally is quite stretched toward peak 20-day Bollingers

• Short squeeze fuelled rise, likely few longs to bar bigger gains

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EURUSD


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