For the first time in over a month, EURUSD has traded under 1.3000. Buy orders at 1.3000 were filled, however there was no follow through, bouncing off 1.2995 to 1.3010. Talking with a few traders, i get the feeling the market was long on the China news early this morning and cut those positions against buy orders at 1.3000.
Next level to watch is 1.2950.
