The important support levels in EUR/USD in my opinion are around 1.3650/80. If this band of support breaks then I believe the up-trend from 1.2750 might be in trouble and we at least revert to the usual sideways consolidation. I’d prefer to play any EUR weakness on a medium-term basis through EUR/CAD or EUR/AUD, but each man to his own.

EUR/GBP technical support is still intact at .8250 and EUR/JPY will be worth watching today to see if we get any sizeable selling from the big Japanese accounts.