EUR/USD rose during the session on Tuesday as the "risk on" trade came back. The Spanish managed to have a decent bond auction, and the markets responded as such. However, later in the session we saw a lot of risk assets sell off - including this pair. It still looks very weak, and is a massive sell under 1.26 or so.
EUR/GBP rose however. This is probably a sign of real weakness in the British Pound rather any real confidence in the Euro. All things being equal - this pair looks weak still. Selling rallies is probably the way to go.
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