Talk on the streets of large corporate selling in EURUSD driving the pair down to 1.0805 earlier
It was a rapid move and one I said could be related to year-end flows
Talk is the same corporate sellers were waiting for another rally to 1.1000 but have given up on that being realistic in their required time frames
Thin liquidity conditions adding to the acceleration on all moves right now
Still good defence expected of 1.0800 for the large option expiries later at 15.00 GMT
Remember they're vanilla so still in play until expiry even if breached prior
Currently 1.0817
This EURUSD supply is adding weight to downward pressure on other EUR pairs so caution advised if you're trading related core pairs as I often highlight
