- Bids very solid starting at 1.3215, 1.3200 and 1.3190 (including Sovereign interest at latter 2 levels)
- First sign of light trailing stops on downside now below 1.3165
- Topside stops starting above 1.3275
- Sell orders 1.3290/00, and again 1.3310/15
- Very large stops now above 1.3325
A dealer with good access to flows and orders thinks that risk-reward definitely favours longs near current levels at 1.3230 with stops below 1.3165 and take-profit potential to 1.3450 if big stops go off on topside.
