Now I remember why I don’t day-trade; I’m not very good at it. I bought the ‘dip’ in EUR/USD but have now been stopped out as the dip gets deeper. With Tokyo closed for the next three days and most of Europe closed tonight, liquidity is poor and stop-loss hunting is the name of the game for interbank dealers. Bids below 1.3220 are holding thus far but there are more stops below 1.3200 I’m now hearing. Also talk of Sovereign bids 1.3160/70 but I’m not sure of the amounts.