EUR/USD is on an absolute tear. It has broken through the 1.3335 resistance area with ease and triggered off a fresh batch of stop-loss buy orders.
Dealers call these trend days; days when the market barely pauses as it takes on a direction with no push back from the other side. Holiday market conditions continue to prevail, making moves like this somewhat easier to sustain than normal.
The greenback is under pressure across the board today with AUD eyeing the 0.7300 level and USD/JPY 100.00. after triggering stops below 100.20. 99.78 amd 99.30 are support on pullbacks if 100.00 is lost.
