Asian central banks, including the PBOC, were reportedly buying EUR/USD in size below 1.3000 yesterday and they soaked up all the heavy stop-loss orders below 1.2990 and 1.2980. The same names are reportedly on the offer in the 1.3160/70 region, booking an easy profit; they’d be mad not to in these choppy range-bound markets.
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EUR/USD orders: Sovereigns seen booking profits on rallies
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