Flash: EUR/USD, look to sell rallies towards 1.3550, targeting 1.3475, 1.3400 - 2ndSkies

FXstreet.com (Barcelona) - EUR/USD is in relative trouble, following the sharp slide off Friday's high at 1.3562 down to 1.3475, lowest of the day, after stabilizing right under 1.35, with Italian political concerns and a US government shutdown main drivers.

As noted by Chris Capre, Founder at 2ndSkies: "With the Italian & Greek issues going on in the EZ, I prefer the bearish side more to start this week. So look to sell intraday price action rallies towards 1.3550, targeting 1.3475 and 1.3400."