As EUR/USD fell to fresh session lows at 1.4338, EUR/GBP came off with it as well.
That cross has proven cruel once again, shooting higher late in London to squeeze out a bunch of weak shorts only to crumble again late this afternoon. The price action suggests there may be a stray Greek headline out there this afternoon, though I have not seen it.
EUR/GBP has slumped back to 0.8830 from 0.8870 highs as London turned out the lights.
EUR/USD has bounced from session lows after collecting a number of pelts in the 1.4340s. Loads of stops were set just below the 1.4350 level, and they’ve been harvested. EUR trades now at 1.4362.
