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.
