In EUR/USD

Sit presently at 1.2917.

Talk of trailing buy stops through 1.2935 before sell orders clustered 1.2940/50. Further buy stops then through 1.2950.

On the downside, we have the well-documented 1.2900 barrier option interest. Talk of stops through 1.2900 and 1.2895, take your pick.

Eight times out of ten (approx) you’d likely see barrier interest pierced quickly followed by profit-taking bounce.

Personally find the lack of general momentum makes this market a particularly tricky read. Well that’s my excuse and I’m sticking to it