EUR/USD has just made and AUD/USD is on the verge of making a fresh low for the day after topside gains proved hard going. EUR/USD remains weighed down by peripheral EU concerns with the added weight of solid EUR/JPY selling today. The market of course is heavily short US Dollars (see previous post – “overdue correction” 0506GMT) with the better than expect payroll data on Friday night taking some of the bite out of (USD) short positions. EUR/USD just made a fresh low at 1.3906 with traders reporting earlier stops below the figure.