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Originally Posted by Nonpiker
I think the euro will probably head higher into the close today as people square up into the weekend. I think next week the pair should trade through 1.1850. There are too many barrier options down there and large stops down to 1.1800 for the market not to go for them. Sterling may assist in a move lower as there will likely be emergency meetings in London regarding a immediate rate cut. That is just my humble opinion of course.
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May I ask why the market always tends to go after options barriers and stops?
It maybe evident for old pros but for us noobs, a good answer may help understand this strange beast better
