As expected there was some heavy stop-loss buying in EUR/USD in the interbank market, which has traded to a high of 1.2671 and has now pulled back to the break-up level at 1.2625. AUD/USD has failed to break up through last week’s highs near parity and is trading at .9985, EUR/JPY is at 100.60 and EUR/GBP is .8150.
Good luck today.
