EUR/USD loses its bid and Stops are hit

Pretty simple math here... Stops were hit on FX weakness, watch for a head fake move with those stops now hit. As I said earlier, volume is so low, it won't take much to create volatility.

 This is the EUR/USD with a late Monday positive divergence , an early pre-market positive divergence and then a negative divergence mid-morning sending the pair lower (which correlates to a lower market-even though on the day the EUR/USD is still higher than the SPX in relationship to their recent correlation.)
 The SPY in green (1 min) vs the Euro in red, notice they are moving in near perfect sync.

 Volume swells as the SPY stops are hit...

On a 10 min chart you can see the support level where all the stops were piled up. From a Wall St. or HFT view, with nothing else going on, those stops below provide some $$$ through the bid/ask spread and volume rebates at the minimum. Keep an eye on this one for a move back above resistance (now) and see what volume does. If there are any interesting 3C signals, i'll bring them to you.

So far this is an FX correlated move, I don't know if there's any fundamental news behind it or if there is if it is important or just used to create a little intraday volatility.