Flows and Orders/Open/Wrap

Day ahead in the FX market, Monday November 26th

  • Quiet start to interbank trade with majors near Friday’s closing levels:
  • EUR made solid gains across the board on short-covering ahead of renewed EZ meetings:
  • EUR/USD next technical resistance at 1.3020/25; still in medium-term range-trading mode:
  • EUR/JPY, sell orders reported on Friday night near 107.35:
  • USD/JPY still consolidating, still looking bullish, macro funds looking to buy dips:
  • AUD/USD eyeing top of ‘weekly wedge’ near 1.0525, no data today:
  1. U are up very early senor,in my part of the world,preparing to hit the sack,hope by the time i wake up,i have comfy points to make bullish entries across the board on euro as am assuming it is the day Greece gets the bail-out,or….

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