EUR/USD/Flows and Orders

EUR/USD pops up on US investment house buying

I’m told a US investment house/prime broker bought about 200 mio EUR/USD on behalf of an off-shore macro fund. EUR/USD popped up by 10 pips from 1.2985 to 95, which isn’t much at this time of day, suggesting that there are still plenty of longs out there who are happy to book some profits after an almost 1000 pip move (lows were at 1.2040 not long ago!).

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