Like a teeter-totter, the dollar is falling as shares rise. The see-saw is a bit one sided today as EUR/USD dips were quite modest despite a 2.5% opening loss in the Dow. EUR/USD is squeezing intraday shorts, up to 1.2720 now. 1.2800 and 1.2850 are further resistance on rallies. Cable resistance lies at 1.5085 and 1.5200.