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Intraday Flows & Techs: EUR/USD, USD/JPY, USD/CHF, USD/CAD
EUR/USD: Finds demand around 1.0550: - Flows: Bids 1.0550/30. More ahead of 1.05. Stops below. Offers 1.0620/40. More ahead of 1.0680/0700. Stops above. -S/T tech: No change in lat 24 hrs. Negative below 1.0620/680 with scope for limited losses into mid 1.05's (met) and 1.05 should the decline extend. Given o/s intraday readings and proximity of congested support in 1,0550/500 area expect progress on the downside to be more difficult from now on. Shorts off 1.0750 closed. Increasing risk of squeeze higher. -M/T tech: Negative below 1.1080 with rallies seen as an opportunity to sell for a test of 1.06 initially and ... (full story)