EUR/USD at 1.3190. First thing this morning, as aforementioned, was getting reports of sell orders up at 1.3190/00 and here we are.
Talk of stops just above, but not thought overly large. Larger seen through 1.3230.
It’s a funny old world. Whenever I hear a US custody bank (custodial) doing something it almost always goes their way. As I’ve said before, when they turn up they can be lumpy. A BIG custodial was seen selling USD/CHF early and that pairing is presently down at 1.0475.
Given reports of US bank buying EUR/USD aggressively earlier, I’m wondering whether US custodial was also buying EUR/USD (the US bank working custodial order.) Kinda think they might have been, but haven’t got confirmation of such.
