Stops triggered below 1.3850 as stocks dip

Source: www.forexlive.com

Stops have been triggered in EUR/USD below 1.3850, quickly dropping EUR/USD into the 1.3830s. US equities have turned sharply lower in the last thirty miniutes, down 0.9% on the day after a 2.4% dive yesterday. Given the cruel nature of currency markets we will probably slip back below 1.3800 and suck back in the folks who sold on yesterday’s technical breakdown… EUR/USD trades now at 1.3844.


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