EUR/USD has come under fresh pressure after the 15:00 GMT fixing. The leap in USD/CHF has gotten traders attention and has prompted another round of profit-taking on long EUR/USD positions.
Ironically, USD/CHF’s rally stalled at 0.9845/50 resistance before EUR/USD extended its move to fresh session lows.
Stops below 1.3850 were triggered. Modest support is down at 1.3825 on further dips.
