EUR/USD/Flows and Orders/JPY crosses

EUR/USD: Large stops reported below 1.3000

  • This is something to watch out for in early European trade with stops reported below 1.3000 and again below 1.2980.
  • Dealers report some slightly nervous AUD/USD longs so we may not yet have seen the end of this particular dip.
  • EUR/JPY has broken through solid trendline support so selling rallies back towards 129.50 is starting to look like a sensible play.
  1. I’ve been targeting those sub 3000 stops for 2 bloody weeks, seems like every bad piece of EZ news had no effect whatsoever…then I cut my 3100 short on friday night for breakeven out of frustration…now E/U trades near 3000…

    Gotta laugh sometimes…

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