EUR/USD dipped as low as 1.3567 on its latest slide but is holding above support at 1.3560 and barriers rumored at the 1.3550 level.
Stops are building below the 1.3550 level from momentum players with talk of a rapid decline should support give way. I’m a bit skeptical that we will see one-way traffic as I have to assume there are large 1.3500 barriers that could slow any decline…EUR/USD now at 1.3584.