I earlier reported talk of buy orders clustered down at 1.2240/60. We’ve slipped down to 1.2261.

Will be interesting to see how lumpy the buy interest actually is.

As I’ve gone for 1.2200 in the latest EUR/USD poll, I personally hope the orders are real light

;)

Sell stops seen through 1.2240

Italian 10 year govt bond has erased earlier gains and yield now up 5 bps on day at 6.08%.