Gone are the days when you can buy the dips in EUR/USD on every pullback. Traders are working through the 1.3665/80 bids with relative ease and stops are being triggered.
Traders are chattering about an article on the Zero Hedge website that calls Italy, not Greece, the biggest threat to euro. 1.3630 is next support.
The pullback has also spawn talk that there is now sell interest at the upcoming 16:00 GMT fixing.
