Things are moving quickly in Ukraine as politicians have already made good on a pledge to revert to the 2004 constitution in a move that will strip the President of some powers. It shows that the government is serious about a deal to hold elections this year.

My guess is that they`ll hold the election as soon as they figure out how to fix the results.

EURUSD easily climbed through offers at 1.3730 and 1.3750 (high of 1.3751). More sellers at 1.3780 but larger sales are at 1.3800 and there are stops above 1.3820.

The risk for the euro is if the violence restarts on the weekend.

Update: Ukrainian parliament has voted in favour of an unconditional amnesty for all people detained or who might face possible persecution in the current unrest.