After the sharp slide overnight, the only area of congestion of note on the short-term charts is right here in the 1.2180/1.2210 area.
With session lows at 1.2112, we’re left with the distinct impression that the usual 1.2100 barriers are in play. Look for rallies toward 1.2250 to be sold by the option-owner to reload the arsenal for further defense. That’s the usual pattern…
