EUR/USD sees choppy price action; few big players seem to be driving market

EUR/USD has seen fairly choppy price action so far this morning. Moves seem to be being driven by a few big players. Sources report China, Russia and Bank of Korea buying on the way up. Specific levels aren’t forthcoming, but it seems to have been in the 1.3835 through 60 area, and then Russia is said to have turned and sold into the rally up around the 1.3882 session high.