Didn’t take long. Barrier option interest at 1.4050 is now history, with a session high 1.4052 posted.
The announcement of solid Spanish bond auction results was the trigger for stops above 1.4000 to be tripped, and we rallied quickly. As is fairly normal we’ve seen some proft taking ensue in wake of the barrier implosion, EUR/USD presently back at 1.4025.
