Traders report Snidley was a seller of EUR/USD in the run up to the 16:00 GMT fixing, knocking it down into the high 1.3320s, not far from where he was buying it an hour or so ago.
With each passing day price action becomes more flow-driven and less logical from a fundamental or technical perspective as bank traders play pass-the-parcel with positions they inherit from customers.
Support, such as it is, is at 1.3315/20 near-term; more is down at 1.3285.
