Euro dragged lower by cross flows by Milan Cutkovic

  • Talk of decent EUR selling in the crosses in the recent hours; most notably EUR/GBP and EUR/JPY
  • Leveraged funds are again sellers of EUR/JPY after the pair failed to sustain momentum above 135.00
  • It hit a fresh low of 133.88 earlier; immediate support seen at the 133.00/10 area
  • Sentiment mixed at the moment with equities in the red overall and Oil declining again
  • JPY well-bid at the moment, selling rallies in EUR/JPY the preferred strategy

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