EUR/USD eased quickly back through what should have been support at the 1.4845 area, dipping as low as 1.4832. Just another day in forex with both bulls and bears grumbling.
The rest of the week should be interesting. We get three separate views of the US labor market: ADP tomorrow, weekly claims on Thursday and the government data on Friday. In the unlikely event that they all show stronger than expected US labor markets, perhaps the buck can stage a moderate recovery. We get service sector ISM tomorrow as well, which accounts for a mere 80% (or more) of the US economy..
