Looks like we are beginning to witness a reversal of the trend which started around 8 weeks ago when the USD/KRW started to rally. Almost every session in Asia, regardless of what happened overnight, USD/KRW used to edge higher giving the USD a bullish tone in Asia. Now we are seeing the opposite, with USD/KRW down 1% already on the session and this is giving the USD it’s bearish tone.
Next level to watch in the majors is 1.3820/30 in EUR/USD, where sell orders are noted, with stops aplenty above 1.3850.
