EUR/USD going nowhere fast. Anyone would think it was Monday
EUR/USD sits at 1.2428, to the exact pip where it was when I arrived about 4 1/2 hours ago.
Hearing Russia and Middle Eastern sovereign buying in recent trade. Funnily enough heard Russian names selling into the early rally. As I’ve mentioned before Russia known to be aggressive jobber in EUR/USD.
UPDATE: Medium term fund noted seller EUR/USD in recent trade. We’re little lower at 1.2415.

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Morning Gerry, how would that order book look like today?
Any take on this pseudo-rally extension on eurusd would be tasty breakfast
Morning fms. it would look somewhat limited to be honest, which is not unusual for a Monday. Obviously 1.2500 barrier interest, talk of stops through 1.2520.
Thanks – nothing to the downside then
absolutely correct.
eu will down to1.2165 this week
Thks for heads up Marzuki. Why’s that then? Mr Coleman has a new rule; we wants reasoning behind declarations of market directon.
*snigger*
Is that Mr Colemans 2nd rule no sniggering
Oops!
EURUSD daily chart:- http://www.pict.com/view/3697249/0/eurusddaily
Bulls: HH & HL, April’s descending trendline resistance broken along with close above same; now support.
Bears: Monster downtrend in play; vicious move from 1.50~ seeing some retracement from 4 yr low.
I think that’s rule No 5, if Iremember rightly