EUR/USD having a cable-esque break lower

Just like GBP/USD breaking 1.71 the euro is having its day as the dollar goes bid properly.

We’ve run through the 1.3580/85 support level and smacked stops down to 1.3562 and the lowest since June 20th

EUR/USD daily chart 15 07 2014

EUR/USD daily chart 15 07 2014

There’s mild support here but the bigger test is if we fall to the 1.3535/40 area before the stronger 1.3505/10 level.

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