EUR/USD has fallen on profit-taking after failing to overcome resistance at 1.2585. Dealers want to get a look at the opening of the US cash equities markets, having been dealt several headfakes by big futures moves that have no panned out at the open in recent days.
Also up soon is the Case-Shiller house price index. It is expected to show a 1.1% decline month-over-month and 16.6% year-over-year, horrific numbers, no matter how you slice them. EUR/USD trades at 1.2530 after the dip.
