EUR/USD back above 1.3250 but EUR/GBP the story
At the highest levels of US trading. The earlier spike higher came on a reported 500m euro order from a US custodial shop. All the talk is about flows in EUR/GBP, with specs targeting stops above 0.8400/06. The trade here is to go with the flow. If 0.8400 breaks, there are pips to be made on the upside. If it holds, pile into shorts.
- Posted: Feb 21, 2012 10:35am
- Submitted by:Category: Medium Impact Breaking NewsComments: 16 / Views: 3,427