Late last year as EUR/USD was falling to new lows, the most consistent sellers were real money investors fleeing the euro zone. As prices have recovered in the last week or so, some of the most consistent buyers have been those same asset managers. Calmer European waters have institutional investors putting money back to work.
Small selling interest i seen now in the 1.3000/05 area with more around 1.3015/20.
Welcome back to a two-way market…
EUR/USD trades now at 1.2981.