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EUR/USD dips below 1.0850 as US stock futures turn red
Following on from the previous update noting the slippage in the Oil price and the US equity futures turning red, the EUR/USD has now fallen below the 1.0850 level. That was a level that held firm yesterday and during the Asian session today. To the naked eye, it looks like some stops have been tripped below 1.0850. The European stock markets are lower too and that is not helping the positive Euro dynamic. The low seen so far has been set at 1.0847, but it might not be finished with yet, if those positive dollar dynamics surrounding it do not change. It also depends on what further Euro stops might be in place lower down. However, there is no suggestion here, that such exists though. The EUR/USD is currently trading at 1.0848
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