EUR/USD is consolidating around 1.3100 after a very sharp slide that has seen the single currency tumble from highs in the twilight zone of around 1.3350 very early Monday morning to as low as 1.3064.
An certain amount of backing and filling is to be expected for the next day or two as the market consolidates losses and awaits US data Wednesday, Thursday and Friday.
1.3130/40 is first resistance with more at 1.3165/85.
