In addition to the 1.3000 barrier, some suspect there may be a 1.3025 barrier as well. There was on at 1.3050 which was taken out first thing this moring New York time. EUR/USD trades now at 1.3053. China has been spotted on the bid in the last 15-20 minutes ans he is the biggest player in the exotic options market…
UPDATE: Reports are surfacing now of buying by the BIS at the lows of 1.3030. Talk of trailing stop-loss buy orders begin in the 1.3080/85 area with more above 1.3115/20.
