Pips away from the August low
Someone has to be thinking about trying to run some stops here. The fresh low in EUR/USD is 1.1305. The August low was 1.1301.
If that breaks, headlines will flash about the lowest rate since June 2017.
Watch for stops on a break.
With the fundamentals souring in Europe and the ECB out with a dovish comment today, it’s not looking good for the euro.