Further to Ryan’s post I’m now hearing that a speculative fund used the IFO-led rally to unload a long EURUSD position
Not huge size but enough to trigger stop loss selling from short-term/intra-day longs
Currently still looking heavy at 1.3330 but buying interest down to 1.3300 with larger interest at 1.3280 as per my orderboard post
I’m sure the general risk-off sentiment from Sryia concerns playing its part too