EUR/USD/Flows and Orders/FXWW News

EUR/USD: Should be well supported at 1.3200

  • Sell-off yesterday was driven by Asian central banks rebalancing reserves after heavy intervention in USD/AXJ;
  • Very heavy bids reported yesterday near 1.3200/10 and again near 1.3180 from Sovereign wealth types;
  • EUR has turned a bit soft again against the GBP and is giving back some ground against the AUD but;
  • EUR/CHF has seen some heavy buying by well-connected players over last 24 hours.

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