EUR/USD/Flows and Orders/FXWW News/Technical Analysis/Trade Ideas

EUR continues to be very well supported

  • The strengthening Yuan is leading to some quite heavy EUR buying from Chinese interests;
  • Sell orders near 1.3800 in EUR/USD are quite heavy but there’s not much sign of a dip;
  • Some of the crosses like EUR/AUD and EUR/GBP made some very easy gains yesterday suggesting more topside ahead.

I’d still tend towards buying dips in the EUR/USD, perhaps something like a 1.3650/1.3850 range in coming days? Sorry, no strong feel on the ultra short-term stuff.

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