EUR/USD/Flows and Orders/FXWW News

EUR/USD: Wild wild short-covering

The market loves to be short EUR/USD but they’re getting well and truly hammered this morning post-FOMC. Those clever enough to have bought yesterday below 1.2800 should take their profits off the table as this is a simple case of stop-loss squeezing gone mad in thin market conditions.

  1. Goldman inevitably gets it right ..

    about 10 banks were short EUR , when Goldman came up with a BUY call.(courtesy efxnews)

    …and now you can see whos right whos wrong

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