Not hearing much in terms of order books this afternoon but the price action suggests sellers remain camped out at the 1.2450 level and above.
Short-term specs will set stops above the day’s 1.2457 highs while shorts will continue to look to trim positions on dips back toward 1.2365.
In about 15 minutes we will get the CFTC commitments of traders report. No doubt it will show another record EUR short…
