EUR/USD is below 1.3500 for the third time in the last 30 hours or so and dealers will be reluctant to try and push it aggressively lower as we’ve rebounded sharply from each previous slide. It is usually at the point when the specs become fearful of selling (and begin buying dips) that the bottom often falls out of markets. A move below 13410/20 will help send more money for the exit and likey signal a medium-term top is in place.