I heard this morning that a big British bank had the EUR/USD market tied around their little finger and so it’s proving. The guy with the flows always wins in a range-bound market. There are more stops above 1.4050 but obviously there’s some decent selling interest here as well. As I wrote earlier, the EUR crosses are all starting to get a bid tone and this will make it difficult for the EUR/USD to fall too far too fast. I’m going to take advantage of the rally in the AUD/USD and try and build an intraday short around .8080, looking for a pullback towards .7980.