The Euro (EUR) the EUR/USD took the brunt of the selling pressure overnight plummeting to 1.3500 support after the yields on Italian and Spanish Debt jumped sharply. The market had been buying Euro for some time so a correction was due but the speed of the selling and the volume could prompt further profit taking. The Euro was sold on all the crosses as well especially on the EUR/AUD which had been enjoying a strong uptrend.
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