We are currently sitting at 1.3275, just above last nights low, and the prospect of a double bottom (1.3268 was previous low) is still in traders minds. They will certainly treat this level with respect but a break below the overnight low at 1.3260 could certainly open us up to another significant fall. It is Friday after all, risk off day, and those remaining stubborn bulls would think twice about hanging on to positions with a nervous weekend ahead of them. EUR/JPY will again be the key.