Piff, paff, poof, we’re back to the beginning again
Well that didn’t take long. Buyers have run out of steam and the result is a drop back to 1.3511 in a flash. I suspect there were some small stops that had built up under the rally and they’ve helped the cascade.
The morning lows around 1.3505/10 still offering the best support but we’re back to 1.3544.