Well I’m back. Had to pop off and do an Ali i.e. have a cup of coffee. Also had a couple of toasted potato farls (it’s an Irish thing), which were very tasty.
We’re at 1.4835. Talk of buy orders 1.4800/20, sell stops (wouldn’t be surprised if they weren’t lumpy) on move through 1.4790.
I think Simon, Millward and I would like to see this sell off extend through 1.4800. Just a feeling I get.
It should be noted that there was talk of not one, but two, Asian sovereigns buying EUR/USD down around 1.4860 in Asia overnight.
