EUR/USD sits at 1.2547, little changed from North American close Thursday around 1.2530.
We’re seeing a pause ahead of well-noted 1.2500 dnt level, which is to be expected given that it’s said to be sizeable and as such elliciting decent defence. That said, it would take a brave person to bet aggressively against it being taken out by weeks’ end.
Mixture of stops and buy orders just below 1.2500 before further barrier option interest down at 1.2450 and again at 1.2400. Sizeable stops said to be gathered through 1.2450. On topside sell orders at 1.2550/60 and more at 1.2590/00.
Little or nothing in way of euro zone data today, save for Italian April CPI (final) at 08:00 GMT.
