EUR/USD has retraced rough half its overnight fall from the 1.3069 high to the 1.2815 lows. The 50% retracement comes in at 1.2940. 1.2970 is the 61.8% Fibo of the same drop.
EUR/GBP sales atre helping slow the EUR/USD rally, but cable has managed to take out important resistance at 1.4545, triggering more stops.
