EUR/USD has dropped back below 1.2700 after being pushed out of recent ranges by a US hedge fund only to run into heavy Russian sales above the 1.2800 level. 1.2660 support, the overnight range top, is now coming into view on the downside. Ya got to be quick in these markets…
Russia is rumored selling gold as well on rallies, essentially taking the other side of the big US macro funds trade.
