Anyone who leaves stop-loss orders close to the market can expect to be done, as that’s all that dealers really have to focus on. The small barrier at 1.0600 is also history but obviously the stop-loss orders cannot have been very large as there’s been an immediate 30 pip bounce. Overall the bears do seem to be gaining the upper hand, and I’m expecting a short term range between 1.0525/1.0700ish to develop from here.