EUR/USD: Dominated by Sovereign flows; MAs provide technical support
- ACBs reported selling rallies as reserve re-balancing continues post USD/AXJ intervention;
- Sovereign wealth funds noted buyers on dips;
- 100 and 200-day MAs providing technical support levels 1.3135/45;
- EUR remains soft on crosses especially against AUD and GBP;
- EUR/GBP large barrier at .8400 could prove magnetic.