I don’t think anybody is brave enough to be going limit long EUR into the European open as the downside seems too open. Bounces have been limited to less than 50 pips and if European stockmarkets incur heavy losses, then there could be a lot more downside. I’m sitting it out; big rallies in the JPY crosses are selling opportunities in my opinion although some crosses like GBP/JPY might be worth a quick punt on the long side.