EUR/USD slid as low as 1.3980 with traders taking some chips off the table after a bounce in US home sales and a robust Dallas Fed index.
US equities have halved their early gains as well, prompting some to throw in the towel.
AUD, the Energizer bunny of currencies today, has cooled off of late, dipping a quick 30 pips to 0.9945, prompting a bit of caution across the board among currency bulls.
Stops continue to be eyed just below the 1.3980 level, traders say. We trade now at 1.3990.
