European stocks are seeing accelerated losses and the rise in risk aversion is pressuring EUR/USD lower. Large stops were triggered on the move through 1.4675/80 and we’ve been to a 1.4646 session low before steadying.
A US custody bank is said to have been a decent seller on this latest leg lower.
We’re presently at 1.4655. Wouldn’t be surprised to see sovereign buy interest resurface soon.
