Euro touches below 1.12 - orders

EUR/USD down 88 pips to 1.1204

The euro selling started in Asia and bounces have been shallow.

Bids:

• 1.1189 - session low
• 1.1175/70 - strong demand
• 1.1150/45 - option-related demand
• 1.1137 - pre-NFP low
• 1.1100 - strong demand/ 200-dma
• 1.1098 - May low
• 1.1058 - March low

Offers:

• 1.1241 - US high
• 1.1298 - Asia high
• 1.1303 - Monday high
• 1.1314 - 55 dma