AUD,NZD/EUR crosses/EUR/USD/Flows and Orders

EUR/USD: Stops aplenty on topside

Dealers are being a bit vague on where the stops are but 4 major banks all list plenty of stop-loss levels right through the 1.31 handle and above 1.3200 as well. The market’s tendency is always to be at its most bullish near the top so we do need to be wary of that. Nevertheless with EUR/JPY breaking higher, and AUD/USD also threatening a big bullish break, the signs for those stops are looking a bit ominous.

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