EURUSD is in grind mode as we chomp through the offers at
1.0950/60
Just some more colour to Greg’s post below
1.0980 is where the next band of offers lie and it also coincides with the post ECB highs. Macro traders are said to be a good part of those offers and they’re sitting at various intervals up to 1.1000. These current moves are said to be further shorts exiting, including some of the carry trade mob that we’re using the euro as a funding currency