Traders report very large stop-loss sell orders below the 200-day moving average in EUR/USD which is at 1.3130 today. The orders start at 1.3125.
My guess is at some point we take another run at the stops and then consolidate/retrace, win or lose. 1.3180 is first resistance, followed by 1.3195/00. We trade now at 1.3160.
