EUR/USD: Interbank market turning bearish
It seems to me that the market always wants to be bearish EUR/USD, perhaps with very good reason, and everyone I spoke with today in the interbank/hedge fund space was bearish. Heavy sell orders are reported towards 1.3280 and 1 dealer even went so far as to say that he could see Zero possibility of the pair trading above 1.3300 any-time today! Big call, must be going up 🙂
Sorry, I’ve got no strong ideas but my default position would be to buy any big dips of around 150/200 pips.