EUR/USD has topped out twice in recent times near 1.3460 and now Asia is having a go. It remains to be seen whether the firepower is there to take the pair higher during this timezone but if China is behind the buying as many are speculating, then the chances of further gains are strong.
With talk of EUR3billion+ in stops sitting between 1.3505/35, dealers will be getting increasingly nervous as this move higher develops. In my experience, big stops usually get done.
