EUR/USD sits at 1.2635, having seen usual crap trade in Asia. We’re exactly where North America closed out Thursday.
Market talk has barrier option interest now lying at 1.2660 and 1.2700.
Technical resistance 1.2652 (yesterdays high) and 1.2663 (50% fibbo of 1.3284-1.2042)
I’d expect buy stops to be gathered close above this second level, but haven’t got confirmation of such as yet.
On the downside, buy orders clustered 1.2600/10, trailing sell stops just below there.
European stocks look set to open marginally firmer, Eurostoxx futures up 0.4%.