EUR/USD busted through last week’s post-SNB spike low of 1.1460 and down to 1.1453. You would have expected some stops there but they didn’t materialize and that suggests the buying may have run its course today. The low also corresponded with the options cut so that might have been a factor.
EUR/USD 11 year low
Technically, there isn’t much long-term support. I think we’ll get to 1.1000 but chasing fresh lows isn’t a great way to trade it.
