Everytime we look likely to have a little move, up pops some central bank, central bank conduit or sovereign wealth fund to slow the move.
Makes for listless, frustrating, uninspired, stop-start trade.
I WILL NOT TOLERATE IT MUCH LONGER!!!
EUR/USD sits at 1.2895 having popped briefly back over 1.2900 after BIS/Asian sovereign buyers turned up (muppets)