Looks like those bad guys in Europe wanted to scrape a few more shekels into the till before heading home for the evening and push EUR/USD just low enough to trigger some stops around the 1.2230 level.
Options-related buying interest is rumored ahead of the 1.2200 while 1.2150 provides an enticing target for the bears over the next few days. That’s a low dating back just over two years…
Small sellers are seen now to 1.2250 with better offers now at 1.2280/85.
