Sometimes ya just know…….

When I got reports that China had been seen selling EUR/USD circa 1.2300 yesterday, I just knew I’d wake to a lower EUR/USD this morning.

And here we are, presently at 1.2250.

That said, we seem firmly ensconsed in a well-trodden 1.2150-1.2350 range. Not sure what it will take to breakout. Looks like we’ll need something pretty darn significant.

Closer to home, sell stops seen through 1.2230. Reports of topside stops a little more mixed up. Suffice it so say seems they’re gathered in the 1.2325/35 area.