We’re back at 1.3150 from session low 1.3127.
Reports BIS has been seen buying at lower levels. This comes after the boys from Basle were reportedly selling up around 1.3275 yesterday morning.
Life would be alot less complicated without all this sovereign interest complicating matters.
Sell stops remain through 1.3115 and 1.3100.
DAX down -0.4% in early trade.
Stoxx Europe 600 banking index down -0.8%.
