EURUSD

A european investment bank had adviced its customers to go for short-term targets to avoid getting caught up in a fight between to very large central banks on opposite sides, one seen buying and the other selling. An asian central bank has been a notable buyer below 1.2890 with selling pressure coming in from above 1.2940. BIS has mostly been trading both sides of the range. Large stops now accumulating below 1.2875