Finally much of the bad news caught up with the EUR and it fell across the board, dragging risk trades with it as it tumbled. This is not the first time this has happened, and won’t be the last; the question is whether we are entering a prolonged phase of EUR negativity or whether it was just another clean-out.
Asia usually trades against the overnight trend but if we also see the EUR crashing during this session, then there may be something more to this move.
EUR/CHF at 1.2000 still a really important level to watch.
Good luck today.
