Trading is still light but the euro has broken a big level today, sinking through the 2012 low and setting up a final battle with the eurozone crisis low of 1.1877.
The low so far is 1.2026. On the orderboard, bids kick in at 1.2020 in good size with stops below. Large bids at 1.2000 including a barrier and 620m option expiration. Large stops are below 1.1980 with the next layer of bids at 1.1950 and just ahead of it.
In case of a rebound, there are minor offers starting at 1.2080 up to 1.2100. More sellers at the session high of 1.2108 and then up at 1.2150.
EUR/USD weekly
Low highs and a bottom that’s about to break, what’s to like?
