Shorts? They got scorched.

Longs? Not enough follow-through as most were unable to get their hands on longs before EUR/USD reached the 1.1980/90 area.

So here we sit, back within our old ranges, now at 1.1970. Look for equities to help set the tone for the rest of the session.

Stocks followed the euro higher but the shoe may be on the other foot later in the session. If stocks get directional from about 3:15 PM onward, as they so often do, EUR/USD is likely to follow.

1.1915 is now important support on dips intraday while stops remain on rallies above 1.2010.