Traders report demand for EUR/USD call options today, presumably to protect profits on large, heavily in-the-money short EUR/USD positions. The demand for calls creates demand for spot EUR/USD in the short-run as market makers hedge their exposures.
Traders also report demand for EUR versus commodity currencies today, presumably on short-covering.
EUR/USD has edged above the 1.2500 level, squeezing some of the intraday short-base. 1.2530 is next resistance.
