Other majors don't follow
The EURUSD inched out a new high for the day in the last 10 minutes of trading, but it was a solo extension.
- The GBPUSD is now 50 pips from the high
- The USDJPY is around 19 pips from the low (the low in NY and London is still above the Asia-Pacific session low
- The AUDUSD is 48 pips from its high (and pips from the NY session high)
- The USDCHF is 16 pips from the NY session low.
The price has since come back down and trades at the 1.1435 level (high reached 1.1457). This is another reflection of the shorts pain.