We got the break below 1.3300 that i was looking for yesterday in the EUR/USD and we really have not looked back since with the next decent level of support being 1.3100. It is worth noting that the 1.3180 level we are currently trading at is also the 100 DMA.
I do not expect the 1.3100 level to hold and would be more realistically looking for a move back to the 1.2950/80 region. Stops on shorts are best left above 1.3300 for now but we will lower these once the 1.3100 level gives way.
