Heading lower largely on the back of EUR/USD , after recent highs of 1.0425 after Europe opened.
Being told there is little on the orders board on the 1.0300 handle, but prop a/c interest to sell is still seen around the 1.0410/15 level. The 200 day MA currently sits arounds 1.3091 and we’ve yet to close back above that since September.
There are offers up through the day’s high at 1.0430/40 which includes a 61.8% retracement fibo level at 1.0434(July-Oct fall), and there’s also an option strike expiring today at 1.0435.
Should be some support towards 1.0315/20 (Asia lows). We’re at 1.0379 now
