Activity in the euro should pick up on approach to the European and then UK morning trade in coming hours.
1.09 and thereabouts should be a battle zone.
- On one side is continuing USD demand at the end of the month, added to by end of quarter flows also.
- On the other side is large-size barrier option at 1.09 being defended.
We have already seen a dip under 1.0910 earlier here today which was quickly bought into:
