After taking out the 120.00 barrier in Asia this morning the pair’s sliding back towards the 119.19 overnight lows in tandem with the EUR/USD slip.
Bids are now seen towards 119.15/25 with larger at 119.00 ahead of sell stops just below.
On the topside offers lie towards 119,.60/70 and 119.90/00 with likely buy stops through the Asian highs of 120.13. There are also further barriers above at 120.50 and 121.00 with buy stops above each
The cross is currently trading around 119.35
