When you’re short EUR/AUD, EUR/NOK, EUR/SEK, EUR/BRL, the euro is the safe-haven as you try and get those bad boys back…
EUR/USD is being supported despite the covering of those cross positions, trading close to 1.2400 despite tumultuous markets in the Americas. Above 1.2450, it gets interesting quick…
Stops are seen above 1.2460, 1.2510 and 1.2700, traders say.