Macro funds have been notable buyers of EUR/USD in recent trade. We’ve been upto 1.4144, presently at 1.4138. This morning’s ascent has been a ragid affair and any further gains look likely to be a grind rather than a sprint.
I say this cos I’ve various reports from sources:
1) Sell orders now 1.4145/55. 2) Large hedge fund seller at 1.4175.
