EUR/USD: Stops done below 1.3095, next line of bids reported at 1.3070
The squawk boxes are fairly quiet so far this session and flows seem to be quite light still. Those stops below 1.3095 have had a target on their back since this morning and the target has finally been hit. Next level to watch is around 1.3070/80 where the bids are reported to be ‘decent’. AUD and GBP haven’t really followed the EUR/USD lower so it looks like a pure stop-loss exercise.