Thanks to the great Blackday for pointing out the 38.2% retracement of the 109.55/105.81 slide at the 107.24 level.
EUR/JPY pulled back sharply from that level despite a solid rally in USD/JPY. The result is a slide in EUR/USD which flushed out intraday longs, falling to 1.2725 to 1.2688 quickly.
Not an easy day out there…
USD/CHF remains well supported, as does USD/JPY.
