Mr Market is in an ugly mood. A November 2011 kind of mood. He’s kicking the tar out of stocks and scooping up dollars with both hands…So much for any hope of an improved risk appetite once Europe went home.
A 1.3100 barrier will be the prime focus as the afternoon wears on.
I’m not hearing much about downside stops this afternoon but chart support is few and far between below 1.3100 until we get tho the mid-Feb lows of 1.2975.
