EUR/USD has spent much of the afternoon in the 1.2550s and 60s but it is coming back under pressure and is back below the 1.2548 level, a close below which would be quite bearish for the single currency. US equities are losing ground as the afternoon wears on amid downcast comments on the economy and unemployment from the Fed chairman and from the FOMC.
Support lies now at 1.2515. Barrier protection is rumored ahead of the 1.2500 level. 1.2440 is chart support if broken.
