EUR/USD is trading 200 pips below yesterday morning’s highs and looking very sick indeed. It was a typical Monday morning stop-loss run which has now been completely reversed, but of course everything is easy to see in hindsight.
Not a lot on the economic calendar, with the BOJ governor set to speak and Australian business confidence data also due. It will be all eyes on the EUR again, which seems to be hovering right above a very deep trapdoor.
Good luck today.
