Dealers note more profit-taking from sovereign accounts, some of whom where buyers of EUR/USD earlier today. When those guys are in the market playing for pips, it should be instructive to the rest of us. If the guys with the greatest resources are playing intraday it probably does not make senses for the average trader to be swing for the fences with long-term positions.
EUR/USD has pulled back to 1.3470 after stalling in the 1.35-teens.
