Trader chatter has corporate sellers helping the euro towards 1.1200
M&A action also being cited after Germany's Bayer's launched a $62bn cash bid for US's Monsanto. Even though the details of the deal are still sketchy, it may not have stopped the usual front running.
Traders say that dip buyers will be showing up at 1.1160 and 1.1130 and there's stops below 1.1120. Rallies will be sold into at 1.1280 and 1.1310 and there's stops through 1.1340. Just some further colour to Mike's earlier orders.
Technically, 1.1180-1.1200 is the current big support line in the sand.
EURUSD daily chart
