EUR/USD has fallen to fresh session lows in the high 1.5050s as a wave of selling hit the market at the 16:00 GMT fixing. We’d heard no rumors heading into the fixing and the market certainly looked unprepared.
Stops are seen below the 1.5050, mainly of the trailing variety, with some growing weary of the slow pace of the EUR/USD advance.
US share prices are giving back gains after holding below the 1120 level on the S&P and Oil is sliding after a build in inventories.
