The Euro (EUR) the weakness into the US NFP saw 1.2300 tested but this level held before the weak US data and QE3 talk helped the EUR/USD bounce into the US session. More selling is likely while the EU authorities argue of the correct solution to the growing Spanish crisis and as we move towards the Greece elections in 2 weeks. EUR/GBP is one bright spot moving higher towards 0.8100 as the British Pound is crunched lower.
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