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EUR/USD takes out interim double bottom on the daily charts
The surge in the dollar in the past few moments has now seen the EUR/USD take out the interim double bottom on the daily charts it had put in place at 1.0904 and 1.0906. This formation was noted here earlier today and the surge above 147 in the USD/JPY has now forced the EUR/USD to take that out and also trade very briefly below the 1.0900 handle. At the same time much will depend on the path of the USD/JPY from here as to whether or not this move extends, or if it was just another exercise in stop loss removal that this data seems to have provided the perfect excuse for. The EUR/USD is just now trading at 1.0903 and once again you were warned here earlier about a possible overreaction to this data
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