Relief: the EUR selling has finally stopped, for now at least! Many EUR longs were close to using their get-out-of-jail card, with promises of trading another currency that relies on the fundamentals rather than trying to understand European cultural dynamics. This morning, the region’s asset classes are on their way up after the latest sharp selloff fueled by political and economic uncertainty from two ”peripheral” heavyweights: Spain and Italy. However, the question remains will this rebound last?