Equity markets are attempting to stabilize as S&P futures halve their losses and European shares bounce moderately from their lows. EUR/USD remains under pressure, however, trading just above fresh session lows in the mid 1.3070s.
Below 1.3075, support comes in at 1.3050. A break through this zone is seen leading to fresh liquidation of EUR/USD longs which should only added to the EUR/JPY woes. EUR/USD trades at 1.3082.
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