The euro is back under some pressure.
After rising to 1.2568 at the start of US trading, it’s faded back to 1.2491. There are nearly $2 billion in options expiring tomorrow at 1.2500 so that could help keep the pair pinned but it’s been tough to keep anything pinned in this environment.
Talk about bids at 1.2445/40, more at the Asia-Pac low of 1.2435 but strong demand at 1.2415/10 with stops below.
Offers at 1.2550 with more at the daily high of 1.2570 and 1.2600.
