The Euro (EUR) the break of 1.2500 was sharp with very little support seen under the figure as the EUR/USD slid to 1.2350 by the start of the US session. Consolidation then prevailed but the market is in now looking at the 1.2300 low from last month which has been the cycle low. The NFP tonight may be a saving grace if QE3 expectations from the FED are increased.
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