Presently at 1.3750. Hedge fund seen notable buyer down around 1.3735. I’m quite excited (well about as excited as I get these days) to see how the 1.3700-1.3760 theory works out. Well for how long really, cos it’s only a matter of time before it goes down the toilet.
UPDATE: Battle joined. ACB sells at 1.3750. Not that we’re any lower, presently at 1.3747.
UPDATE: Middle East sovereign buys EUR/USD and puts that theory to rest. Party pooper. We’re up at 1.3767.