EUR/USD sits at 1.2070, effectively unchanged from where North America left off Tuesday.
Obviously the euro bears have their sights set on an early test of the hugely psychological 1.2000. Much talk of significant barrier option interest down there, and one would think we’re gonna see a robust defence of said level.
Big euro zone economic release today in German Ifo for July, with business climate expected down at 104.5 from previous 105.3.
Sell orders remain up at 1.2140/50, buy stops above there.
