EUR/USD – Citi Flows Update

·         The USD remains heavy, leaving many perplexed as to what is going on. 
·         EURUSD’s move of 30-pips in 30 seconds this morning, on no news, perhaps explains the poor liquidity conditions present in the FX world likely driving these surprising moves. 
·         Spot made a high of 1.1343 today and banks and leveraged names led the buying, giving our global flows a 52% bias towards buying, as we go to publish. 
·         From here the levels of 1.1380 and 1.1450 remain the key and possibly where the heavily short positioned market starts getting panicky. 
·         Remember, Citi global flows report shows that EUR was sold on net by all four of our client types last week, despite the mid-week EUR rally. +

(Citibank)

The post EUR/USD – Citi Flows Update appeared first on www.forextell.com.

Leave a Reply

Your email address will not be published.