AUTOREFRESH 
You’ll like this….but not alot
By Gerry Davies || February 9, 2010 at 11:00 GMT
|| 6 comments || Add comment
Some talk BIS has been in buying EUR/USD in recent trade. We’re presently at 1.3715. Take it for what you will. Not fully convinced meself, but there we have it.
Could be looking for a short here in EURGBP in next 10mins
I don’t believe it and don’t like it, wile the sell could have been seen watching charts I see no buying now.
not taking it
I reckon all todays price action has been chart driven, don’t you Gabriel
Yes Gerry
The rumor about BIS buying might be true, it picked up from 70 but are they scalping? I won’t be surprised to hear of them selling again.
Price action has been a bit more difficult to read this week, maybe we just need to survive until tomorrow when news kick in.
Gerry, could BIS be using algos? I don’t think they’d normally scalp like this.
I think the rallies on Eur and Gold we’ve just had, have been sold again…holding is the best option to me. Like my friend wormboy said yesterday, this price action is hairy