EUR crosses/Flows and Orders

EUR/USD: Stops reported above 1.2995 and again above 1.3020

Interbank dealers report plentiful stops situated above recent highs at 1.2995 which may be targeted soon if no pullback ensues. The US corporate offers which capped the pair on Friday may not yet have been replaced, leaving shorts vulnerable.

  1. Sean, are you looking to buy at a dip to target a push into the 2995+ stops or rather fading the move? There is talk of decent CB offers around the big fig.

  2. hi sean, whats your take, shorting eurjpy with 4pips stop 101.95?.. took that short. heard a US name was seen selling earlier today

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