All the talk during the US morning has been of central banks selling into EUR/USD strength. We’ve yet to hear a single whisper of who the buyers have been. My assumption is that they are short-term specs caught-out by today’s reversal of yesterday’s reversal…
1.4170/90 offers from Asian central banks are rumored while 1.4200/20 offers out of the Mid East are also heard. Stops are noted above 1.4220. EUR/USD trades at 1.4150.
