The high so far in EUR/USD has been 1.4914 and the talk in the interbank market on Friday evening was of a Sovereign name selling at 1.4915. It looks at first glance that this seller is still in the market although I have heard no verification yet from any interbank platforms. There are said to be lots of hedge fund stops above 15 and ranging up to 50 and this sort of confirms the seller-at-15 story as the hedge funds know exactly what’s going on and will place their stops above decent sized sell orders.