USD
Once robust and high flying EUR, now running into offers ahead of 1.3200. The offers seen to be coming lower each sessions, from 1.35/ then 1.33 and today 1.32, showing good interest and sentiment still to sell since start of 2005 trading. Hearing US investors, private banking individuals, investment houses and model funds are looking to sell EUR/USD after its recent rise and also now on its current falls. "Great Wall" of bids, rumoured from China, Sovereign, options names and M.E. institutions continue to be filled and paying lower, as sellers "overwhelm" buyers now. Bids 1.3150, Focal point will be the lows of 1.3139 (1.3136 on the charts) seen on 10 December, the then correction lows after EUR/USD reached all time highs of 1.3470 on 7 Dec, but not able to take out key 1.3500 and ran into large stoploss sales, falling to 1.3190 the next day. May see some short squeeze back up above 1.32 before sellers push it lower again. EUR/GBP selling interest and EUR/JPY offers could tilt the scale against EUR, also more "hawkish" comments from Fed Trio today
Once robust and high flying EUR, now running into offers ahead of 1.3200. The offers seen to be coming lower each sessions, from 1.35/ then 1.33 and today 1.32, showing good interest and sentiment still to sell since start of 2005 trading. Hearing US investors, private banking individuals, investment houses and model funds are looking to sell EUR/USD after its recent rise and also now on its current falls. "Great Wall" of bids, rumoured from China, Sovereign, options names and M.E. institutions continue to be filled and paying lower, as sellers "overwhelm" buyers now. Bids 1.3150, Focal point will be the lows of 1.3139 (1.3136 on the charts) seen on 10 December, the then correction lows after EUR/USD reached all time highs of 1.3470 on 7 Dec, but not able to take out key 1.3500 and ran into large stoploss sales, falling to 1.3190 the next day. May see some short squeeze back up above 1.32 before sellers push it lower again. EUR/GBP selling interest and EUR/JPY offers could tilt the scale against EUR, also more "hawkish" comments from Fed Trio today
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