The Middle Eastern led rally ran out of steam at 1.3120 and we’re back down to familiar session opening levels again.
There’s talk of a France downgrade doing the rounds again which is pushing this back down through support at 1.3070/80 to 1.3058. Bids are sitting around 1.3060 at the moment and more are now cited down in the 1.3025/35 area (NY low was 1.3025).
Option interest also lies at 1.3060 and 1.3050 ahead of the large strike at 1.3000
EUR’s at 1.3065, will the desert buy again……?
