EUr/USD takes a slap down to 1.2748 and a little gap down from 1.2760 unless my 15 minute chart is telling me lies.
The jungle drums report some heavy selling hitting the euro.
EUR/USD 15m chart 17 10 2014
1.2750 was a strong level when we first smashed through but it’s lost a lot of its mojo so may not hold up again here. If we do get a break then we could have a quick trip down to stronger support at 1.2700.
For everything that’s gone on this week there’s still not really anything different that warrants buying euro’s so we could just be seeing the sellers reinforce their positions.
