Buy stops hit as the 200-day moving average breaks. EUR/USD quickly rallies to 1.2914 1.2938. Cable getting in on the fun as well, breaking higher to 1.5217 with minor offers extending to 1.5220. Better sellers up at 1.5280. There’s a reason I’ve been talking about the 200-day moving average for the past couple hours. And there’s a reason people use technical analysis. (full story)