We are witnessing some hefty positional liquidation across the so-called ‘risk’ pairs and I think those who’ve been trying to buy EUR/CHF or GBP/JPY or the like will need to be careful over the next few days. I’m not yet 100% sure that this move is USD-driven rather than risk-driven so I’d suggest that you exercise some extra care in these crosses. (Signed- Nervous Nellie 🙂 ).
