EUR/USD: Still plenty of big orders either side of 1.30/1.31
Like I reported yesterday, there is plenty of interest either side of the EUR/USD. The bids were tested yesterday near 1.3000 and I wouldn’t be surprised to see the topside tested today, especially if EUR/JPY tries to break above technical resistance at 131.25.
I took a small loss on my EUR/USD longs as I really have no idea where the next 300 pips are coming from. Any bright ideas out there?