They’re all running for the exits as EUR/USD collapses through support at the 1.4150/55 area. Stop-loss selling has taken the pair as low as 1.4122. It is as if someone has yelled fire in a crowded theater.
It is a similar story in AUD/USD. It fell as low as 0.8112, down over a cent from session highs around midday. A stunning turn of events as the dollar reverses losses into gains and breaks its negative correlation with equities.
