Could get lively. Battle joined at 1.3050 barrier

Sources note that aforementioned Asian sovereign has continued buying EUR/USD in recent trade, taking it up to 1.3046 session high.

There is talk of 1.3050 barrier option interest. There is talk our furry friend the giant panda (China) has an interest to protect this interest. Could get lively. Sizeable Asian sovereigns on both sides of the market.

Other sources mention a US investment bank protecting the 1.3050 interest. Take your pick.