EUR crosses/Flows and Orders/FXWW News/GBP crosses

Looks like it’s going to be a EUR/GBP dominated session

The one level I didn’t mention below is of course the .8590/.8600 resistance in EUR/GBP and it looks as if the market might have its eyes on this, and likely stops just above. The cross has rallied by 20 pips already in pretty quick fashion and traders obviously see this as the most likely source of action in early European trade.

Edit: FXWW888 referring to large stop at .8580 that player bis trying to trigger in current trade.

Leave a Reply

Your email address will not be published. Required fields are marked *