EUR/USD wallows down at 1.2485, having been as low as 1.2481 after aforementioned sell stops tripped through 1.2490.
Talk of buy orders clustered down at 1.2470/80.
Would I trust them? ie would I see them being durable enough to hold downside? Not really
But then that’s just me.
Haven’t really got confirmation of sell stop orders below here, but I bet you a kings’ ransom they’ll be some gathered through 1.2440.
UPDATE: As I was writing the above a little birdy chirped up and told me an ACB had just stepped in buying circa 1.2485 (hence the little blip up into the 90’s just now)
Still don’t really trust those bids though
