Amid talk of medium-term model funds selling. We’re at 1.3612 from session high 1.3638. They have also been seen selling EUR/JPY in recent trade as well.
One source just told me these funds have been long EUR/USD from around 1.2900.
Also picked up some talk of a rise in buying of EUR/USD puts, with strikes around 1.3500 for 2-3 week expiries.
