Friday, 18 January 2013

EUR/GBP, EUR/USD Flows: larger stops through .8350 and 1.3410

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More at http://daily20pips.blogspot.com/2013/01/lindsay-lohan-looks-drop-dead-gorgeous.html
EUR/GBP is getting ever closer to the key .8345-50 area, but it is just above here where the larger stops are in place - .8345 representing the high from Mar last year. Middle East buying has been notable so far this year, though having been a strong buyer of Cable (through last especially), it is a clear shift in risk, as the single unit seems to be getting good press these days. Much of this can be attributed to the Spanish auctions over the last few weeks, with today's results also ringing a positive note to send the EUR higher once again. EUR/USD is targeting 1.3403 once more, but is facing strong selling interest from 1.3370. Nb, 1.3400 expiries now looking to come into play.

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