The EUR/USD pair for sold off during the day on Thursday after the markets had too much in the way of headline risk to feel comfortable shorting the US dollar. Alternately though, it looks as if the 1.12 level area is starting to offer support again, so I believe its only a matter of time before the buyers get involved. Unger term, I still expect the market to try to reach towards the 1.15 level which was the top of the recent consolidation area that has spanned over 3 years, as it is too simple of a target to ignore. I believe dips continue to offer buying opportunities, and by the time its all said and done thats all Thursday will be. Expect volatility, but I certainly believe the buyers will return sooner rather than later.
if you my trade,My-post analysis, subscribed to ME