The Euro (EUR) the EUR/USD grinded lower with after opening at 1.2550 to break below 1.2500 and find support at 1.2480. The EUR/JPY was a constant source of selling pressure falling from Y101 to below Y100 as the Safe haven roared back into favor. EUR/JPY eventually found support at Y99.2 and is retracing in Asian trade Tuesday so far but with the EU summit looming more selling on rallies is expected.
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