EUR/USD can barely bounce 10 pips after a nearly 175 pip two-day drop. Sucker traders very, very heavy amid revised ECB economic forecast and chatter on the governing council of rate cuts and negative rates on deposits.
The fall has been so sharp that there is not much natural resistance on rebounds until you get to the 1.3020/40 area though I doubt we will see a bounce of that magnitude unless we get a VERY upbeat US employment report tomorrow morning.
