Stops. Stops and more stops being triggered.
The EURUSD has not really taken a breathe.
- 100 day MA 1.1083
- January low 1.1092
- 50% of the move down from May high at 1.1142 broken
The stops sent the pair up to 1.1193
The price is back below the 1.1142
The midpoint of the trend move higher comes in at 1.1108. This will be eyed as corrective support now. Stay above and the shorts still feeling the pain. A move below that level and the 1.1092 and 100 day MA at 1.1083 should be support. Needless to say, things are MOVING.
