EUR/USD/Flows and Orders

EUR/USD orders: Solid selling interest 1.3150/75

Just reading the opening comments from one of the big European banks and they are quite confident that selling interest between 1.3150/75 will prove very hard to shift. To be fair, they said yesterday that sell orders at 1.3050 would be similarly hard to shift, yet here we are!

  1. It all depends on how much bulls there is out there. If it is a pack of bulls running towards 1.317 then stops will be triggered and we’ll see 1.32x before it falls.
    In fact, imho one could short the EURUSD for a couple of weeks all above 1.31 and have excellent results.

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