Sources note hedge fund buying just below 1.6300. That helped get us back over 1.6300. Stops duly tripped through 1.6305 and we’ve been as high as 1.6336 so far.

As mentioned earlier, sell orders 1.6340/50 ahead of 1.6350 barrier option interest. Guess further stops will be placed not far north of 1.6350, but haven’t got foggiest were. We’re presently at 1.6328.

UPDATE: That’s timely. Not one, but two sources have just popped up and informed me buy stops just above 1.6350. Sounds about right…..