Hearing that stops in the 0.8440 were busted on the way down. It’s has taken us through the 100 dma at 0.8441 and bids at 0.8435 that we noted earlier.
The move opens up the path to 0.8400 region which we last bounced from at the beginning of April. A break through there would open up the trap door to further losses. Keep a close eye on the 0.8410 level.