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Sharp Reversal in Opening Europe, 0800GMT Fix Suggested.

EUR
MNI (London)
  • Sharp reversal sees EUR/USD back away from its early Europe high of $1.2163 (Asia was capped at $1.2160), trading down to $1.2131 at writing.
  • Some suggestion that move may have been prompted by action into the 0800GMT fix.
  • Support is seen into $1.2120 ahead of $1.2100.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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