EUR/USD opened 0.12% lower at 1.2044 after late bounce from 1.2011

Report Draghi will be asked to form government in Italy helped the bounce nL1N2K8274

Talk of option related buying ahead of 1.2000 barrier also underpinned

EUR/USD traded in a 1.2037/50 and was around 1.2045 nto the afternoon

A break below 1.2000 targets 50% retracement of 1.1602/1.2349 move at 1.1975

Resistance is at former support at 1.2055/60 and 10-day MA at 1.2116

Bias is for lower as 5, 10 and 21-day MAs in bearish alignment

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