EUR/USD continues to run into selling in the low 1.3590s with dealers looking to trim long positions as a bit of two-way risk has been reintroduced into the market today. A bevy of rumors made the rounds this morning helping prompt some books squaring but dips were limited to a test of important intraday support at 1.3555.
Stops continue to gather below that level as entrenched longs look to protect the bulk of their profits. Dealers note continued EUR/JPY profit-taking late in European trade, helping weigh on EUR/USD in the near-term. EUR/USD trades at 1.3582.
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