No respite for the beleaguered euro as yet, down at 1.3570 from a North American close Wednesday up around 1.3605, with worries surrounding Italy’s finances escalating.
No major euro data releases today.
Sizeable barrier option interest now looms down at 1.3500. Also option interest tipped at 1.3525. As a result would expect option-related defence buy orders to lie in the 1.3530/50 area. Battle could be joined in the not to distant future.
