Stops gone off through 1.3220 and we’ve been down as low as 1.3211.

Those clever old sticks at the Reserve Bank of India nailed it

;)

When I first returned to this forex game just over three years ago they were sharp as razors, although recently I’ve noticed they’re a little more hit and miss as an indicator. But not today….

Buy orders now layered 1.3200 down to 1.3180, more sell stops below there.

One of the reasons me and one of my fellow musketeers went for 1.3150 in the poll, was the possibility of dovish comments from Draghi at this Thursday’s ECB press conference. I know it’s someways away, but something worth tucking away in the back of the old brainbox.