Someone’s just triggered the sell stops through 1.2920 as EUR/USD tumbles to 1.2892 (down through the daily cloud top at 1.2896) from around 1.2930.
The 1.2880/00 level supposedly holds some sovereign bids and there’s talk of sell stops down through 1.2875. Below here should find some bids ahead of the 55 day MA at 1.2849, and the 200 day MA at 1.2832
EUR/USD’s sitting presently around 1.2903