Traders report stop-loss sell orders are build from as near as 1.4940. A concentration of small stops is seen in the 1.4925/30 area (EUR/US was bid in the 1.4930s yesterday afternoon) and larger ones below 1.4900. As I noted earlier, I’m getting a sense that the risk-trade is set for a pullback today.
1.50 was essentially achieved, oil reached $80, Brazil threw a spanner in the works with it’s inflows tax…I’d be happy to book a healthy profit on a chunk of that trade into strength, if I had them.
