As if by magic after my previous post mentioning key levels not yet being breached we now have another wave of USD selling as European trading gets fully underway
EURUSD has popped 1.3610 triggering stops to 1.3620, GBPUSD has posted 1.7014 taking out offers at 1.7010 but shying away from the next line at 1.7025
USDJPY has chewed through some bids to post fresh lows of 101.79 ahead of the strong 101.50-70 support, USDCHF has dropped through the bids at 0.8960 to trigger stops to 0.8946 , AUDUSD is consolidating gains above 0.9400 and USDCAD challenging bids into 1.0800-20
This feels a little more substantial than just a stop-hunt but we shouldn’t get too carried away still
