• Sell orders 1.3360/65
  • Stop-loss buy orders above 1.3380
  • More sell orders 1.3400
  • Large trailing stops above 1.3450
  • Asian Sovereigns buying 1.3280/00
  • Large stop-loss sell orders below 1.3260

This is the first sign that the big macro players who are all quite short, have lowered their trailing stops and the new pivotal level is 1.3450; watch for some serious action if we get close to there.