Traders note strong EUR/USD buying from a US custody bank taking the pair above 1.3200 at the moment. Typically, their customers are pension fund and mutual fund managers… Not sure why those guys have a sudden appetite for large amounts of EUR/USD, but they sure caught the market napping…
Once they stop buying EUR/USD may dip but interbank traders are now likely short and will be buyers on dips, which could keep dips shallow for the next few hours…
