This is not in large size based on what I’m hearing, with interest by one Asian Sovereign player to buy about EUR250 million between 1.2830/40. One large proprietary player could take that interest out in one hit.
From a technical perspective, yesterday was an outside day for EUR/USD posting a fresh high and then a fresh low. Whilst not yet complete, if a daily top now forms at 1.3030 that will confirm to me that the 5-wave rally off 1.1880 is complete and we are then set for some retracement/consolidation. Some patience required but there could be a good trading opportunity emerging here.
