Will either bounce hard or crash....just read this very interesting news on HC forex thread...also most likely sell limit order triggered as broker down structure but day not over yet
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The euro held at a two-week low on Friday as traders nursed losses in a week of bad data that indicated an economic slowdown in Europe was spreading as trade tensions between United States and China remain high. The single currency is on course for its biggest weekly loss in more than four months after data that has also pushed down euro zone government bond yields, with benchmark German debt trading at its lowest level in more than two years. But some traders said large buy orders from central banks at around $1.13 levels were nevertheless keeping the euro supported. One analyst pointed to the presence of large currency options amounting to nearly $1 billion around $1.1280 expiring later in the day as another possible prop. "We are all scratching our heads on who the mystery buyer is on euro/dollar," said Kenneth Broux, a currency strategist at Societe Generale in London. The euro EUR=EBS had bounced off a low of $1.1323 on Thursday before ending the day at $1.1338 and was stuck to those levels on Friday.
