EUR/USD Update

Touched a low around $1.2775 but reported demand interest in the area between $1.2780/70 proves strong enough to contain.
However, the rate continues to trade with a heavy tone, the recovery so far remaining shallow, currently trading back around $1.2785.
Far East traders has placed Asian demand interest in the $1.2780/70 area, the same name linked to support which based the rate at $1.2771 Wednesday. A break below this area to open a move down to $1.2755/50, the $1.2750 level said to hold an option barrier.