The longer this session goes on the more likely we are to see a prolonged squeeze of EUR shorts. The measures we spoke of earlier this morning will be getting EUR shorts even more nervous. EUR/USD, EUR/JPY and EUR/GBP are all higher on the session but it’s the first two which are most in danger as that’s where the short positions are. Not hearing of many sell orders until 1.3750/1.3800 in the EUR/USD so this squeeze might go on for another while yet.