– Overall volumes are stabilising at higher levels as investors reposition themselves after the holiday period.
– After several weeks of declining volume, the recent large increase in EUR/CHF volume endorses the upside breakout.
– EUR/USD saw a small dip in volume on Friday which suggests that investors may not be entirely behind the up-move.
– Greater investor focus is noted on major EUR crosses such as EUR/JPY and EUR/GBP which both saw increased volume.
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Barclays Capital