EURUSD Flash Crashes Amid Low Liquidity
'Twas the morning of Xmas and all through the markets, not a human creature was stirring...but it appears the machines took major advantage of the low liquidity...
Around 730amET, it seems the algos went on a deep stop hunt, flash-crashing EURUSD by four big figures, taking out the November 7th low stops - all the way back to the lowest print since mid July.
Prices then stabilized after ramping back higher.