The EUR/USD gapped lower at the weekly opening, standing right above 1.2880, static and immediate support level. Latest ECB meeting and better than expected US employment data, put the pair under pressure, fueling concerns over the European situation and easing those over US economic recovery. The hourly chart shows an increasing bearish tone, as indicators head south below their midlines and price stands well below 20 SMA. The pair may attempt to fill the gap as buying interest around 1.2880 has prove strong. However, failure to overcome 1.2940 or a break below 1.2880, will likely lead to a bearish day, with 1.2820 ... (full story)