The key area of support for EUR/USD in the 1.3735 down to 1.3700 level is within shouting distance as the market turns its focus back on Ireland. Yields continue to gap higher in the Emerald Isle as the market continues to lose confidence in the notion that government will be able to bail-out the debt-ridden banking system without outside help.
Should EUR/USD break through the 1.3700 area on a sustained basis expect an eventual fall toward 1.3200/1.3250 in the next several weeks as the EUR retraces its autumn rally.
1.3635 is the first key area of support.
