MY: Euro fall pauses but debt woes to keep pressure on
* Euro on track for worst month since May
* Aussie loses steam after rebound on current account data
* Yen ticks up on month-end corporate flows
By Hideyuki Sano
TOKYO, Nov 30 (Reuters) - The euro paused near 10-week lows on Tuesday but few traders think the worst is over for the single currency after a rescue package for Ireland failed to dampen speculation that other bailouts will be needed in the euro zone.
Many traders expect more selling in the euro after Italian and Spanish 10-year bond yields jumped by more than 20 basis points on Monday, highlighting the lack of confidence in the deal to help contain Ireland's crisis.
The euro managed to hold above a 10-week low of $1.3086 hit on Monday on trading platform EBS, helped by short-term oversold technical signs, but it slid to its latest two-month low against the yen and the Swiss franc .
It also eased below its 200-day moving average at $1.3128, as a 3 percent fall in shares in Shanghai <.SSEC> dented investor appetite for risk in general and brought a brief bout of euro short-covering to an end.
The single currency slipped 0.2 percent on the day to $1.3100, with two traders reporting talk of options at $1.3050 and $1.3000, which could generate some hedge-related euro support, as well as automatic sell orders at those levels.
"You probably have more selling to come through. Movements in European bond yields were savage last night ... and that's a reflection of the concern that is evident in the market. I don't think this is over just yet," said Richard Grace, currency strategist at Commonwealth Bank.