Boys from Basle having bought down around 1.2250 having a good day.
EUR/USD has experienced a sharp rally to session high 1.2303, presently back at 1.2290.
Reports have sell orders clustered 1.2300/30, buy stops through 1.2340.
Why the smart rally?, buggered if I know.
Maybe it was the news from Italy regarding the austerity package vote. Who knows…
Maybe it’ll just have to remain a mystery