Aforementioned stops were duly tripped through 1.3740 in early trade. Classic risk aversion play (heavy selling of EUR/CHF etc), Cyprus downgrade, Chinese Minister warning of slower Chinese Jan-Feb some of the factors impacting in the early move.
I was going to report buy orders at 1.3700/10 before our systems went down, which is now pretty much self evident. Russia was notable buyer around the lows and we’ve ralied back to 1,3745 at writing.
Sell stops now seen through 1.3700 and more through 1.3680.
