EUR/USD continues to ease, now down to afternoon lows of 1.2615.
Solid buying has been seen on dips with real-money players steady buyers this afternoon. Still, EUR/USD trades with a heavy tone as Wall Street trades in the red after a 20 point rally in the S&P and a 175 point rally in the Dow disappear.
Bids are seen in the 1.2605/15 region with small stops below 1.2600. mainly around 1.2590. Major resistance at 1.2675 and 1.5230 (in Cable) have both survived sever tests from below today.