In EUR/USD, levels to watch near-term are 1.3785, a top on Thursday and 1.3871, the 38.2% retracement of the 1.4880/1.3252 decline of recent weeks. Risk aversion continues to ease as the market awaits specific steps tomorrow from the US to ease the credit crisis which may include a guarantee of bank debts to free up interbank lending markets, according to press reports.