So EURUSD goes up 100 pips and EURCHF remains at 1.2219 driving USDCHF down to decent bids at 0.8985
EURJPY up to 137.75 and EURGBP rallies to 0.8345 from 0.8295
So we can glean that someone has a bit of an interest to keep EURCHF from going up too far cos there’s no general USD selling going on here. Cable is still at 1.6300 and USDJPY at 101.36 on the euro buying.
Ok, it’s no secret I’ve been jobbing from the short side for a while now as you know so you might think I’m just making a case to suit my book but this is a significant price action.
Next bids coming in at 0.8965 then 0.8950.
EURCHF may well not be dropping too far right now but it certainly isn’t going up either. We have to wait to see if any retreat in EURUSD gives down side momentum or just drives USDCHF back up
Just wanted to stick my head round the door to highlight it.
I’ll add more info if I get it.
