800x600 chart

EUR/USD is seeing some stabilization initially near 12500 although below 12480 should threaten key 12325 quickly (sell break as should confirm renewed bear for return to/below 11640). On extended bounce, expect failure into 12690 (look to sell). Need close above 12725/12765 to turn tide. [SESSION-FORECAST: HIGH: 1.2690 LOW 1.2564] Bounce off lows could extend to 12690 or 12725 beyond. Intraday support seen at 12575/50, but would need below 12530 to suggest that the trend down is resuming.

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