EUR/USD nears ECB spike high

The euro is up 273 pips to 1.0888 and up more than 350 pips from the session low that came just before the ECB.

Watch for buy stops on a break of 1.0892 and 1.0900.

Update: Euro selling into the European equity close got the job done. 1.0901 is the high, which also takes out the Nov 5 high.