A small bounce back to 1.3000 area was grinded out over the last hour, however i expect it to remain under pressure until Europe comes in. My final retracement level on the downside is 1.2950. I would be a cautious buyer until that level gives way.
No such luck with EURJPY tho, it remains under pressure with USDJPY. Citi Bank’s short call for a move to 125.00 looks even better today since closing under 130.00 on Friday.
