EUR/USD fell as low as 1.3545, triggering a barrier option at the 1.3550 level. Cable has been as low as 1.5919 after losing the key 1.5950 support level. Look for sellers on rallies to that level now.
Keep an eye on the dollar index; we’re just pips away from trendline resistance.
Risk aversion is rising across the board with the European bailout culture called into question. ECB economist Stark is on the wires blasting EU economic governance, saying what has been done so far falls short of what needs to be done.
