There was huge turnover yesterday in the EUR/USD in early European trade and the big bids we’d been talking about below 1.3550 turned out in force. The market had presumed that these bids were steady, down to 1.3500 and possibly lower. I’m hearing from a good source that the bids are not live at the moment (which doesn’t mean that they won’t return). Heavy stops now below 1.3480. Worth keeping in mind.