EUR/USD has been in recovery mode since the Challenger survey showed a drop in US layoffs. Dealers report a cluster of offersw in the 1.3320/30 area near-term. ADP is set for release shortly with losses of 645,000 private sector jobs expected by the economists. A better figure will spark decreasing risk aversion which should underpin EUR/USD. Strss test jitters are weighing on sentiment this morning though reports of huge capital needs by the likes of BofA are beginning to be debunked.