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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.
wawasalsa
474 posts
Sanguis
2,137 posts
reported supply at $1.3275 but no suggestion yet of any conspicuous
flows on the move. Further offers expected into $1.3300 but can't
exclude the possibility of undisclosed stops above the overnight high.
meysamkh
64 posts
Guest
IP XXX.XX.166.58
Let's see what the market will show us in the next hours ^^
Sanguis
2,137 posts
safdarhashmi
352 posts
meysamkh
64 posts
torkay77
882 posts
safdarhashmi
352 posts
Sanguis
2,137 posts
trade to near $1.3275 level that was said to hold offers from mid-east
accounts. Pair stalls and retreats modestly from there as market
respects the level on first look but recall that talk suggests further
supply is layered into $1.3300 area.
khanarsal
218 posts
safdarhashmi
352 posts
khanarsal
218 posts
md_wins
26 posts
iwjw
248 posts
moaf
910 posts
Guest
IP XX.XX.76.170
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