Spike EUR/USD at 11:57 ?!

Quote from puretruth:

What news caused the up-spike of the EUR/USD of about 70 pips at 11:57 ?

stop loss avalange. Euro resistances + a few pips act like magnets recently, quite easy long. Think now it took out the final stops we might see a retrace during the next days, I don't see it advancing much further.
 
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