I’m not sure what caused the huge spike in dollar weakness as I was sleeping but EU has quickly reached a significant resistance at 1.3168 which is the 61.8 Fibo of the last move down. I didn’t expect EU to reach this level until Friday, but with more than 300 pips move for the day, I am taking profits and staying out of the markets for a while.
Closed EU long from 1.2791 at 1.3148, +357 pips.
Now flat in EU. Other pairs still open although the AUD looks ripe for a pause.