EUR/USD came undone on the Wednesday session as the 1.25 level finally gave way. The pair finally seems to be intent on punishing the leadership - or lack of - in Europe as price is heading down to the 1.21 level, perhaps quicker than many of you may think.
GBP/USD broke the 1.5650 and 61.8% Fibonacci level on Wednesday, and even broke below the 1.55 level. This should signal much lower levels in this pair as the "risk off" trade continues.