As it became apparent that bids for EUR/USD were lacking at the 1600 GMT fixing, EUR/USD lumped sharply to the 1.2519 level before stabilizing. Prices have since rebounded as old support in the 1.2525 level was penetrated only very briefly, prompting intraday shorts to quickly lighten up. If 1.2525 gives way, 1.2443 is next support followed by huge support at 1.2330, the low for this trend.
