We took one more run at the downside and EUR/USD equaled its low of 1.2177 from yesterday morning in London but help. A bounce in stocks and a bounce in EUR/USD have coincided with one another. Look for EUR/USD to be a sale on rallies as the China/FT story cast a further and more significant pall over the euro.
If you are looking for a sell signal tonight, wait for the official denial from China that it is concerned about its eurozone holding. Sell that rip, looking for a further dip..As the old saying goes, never believe it until it is officially denied.