EUR/USD – 1.13 barrier cleared; stops triggered

  • The barrier at 1.13 has been taken out and stops have been triggered above
  • Some blame it again on Greek headlines, but it’s more likely that many participants still caught short EUR
  • Keep an eye on the Bund as the yield is marching towards the 1.00 % level
  • Draghi said yesterday that participants should get used to periods of higher volatility

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