EUR/USD had a really crappy morning but it pulled out of its dive late in the European session as Spanish yields dropped back from euro-era record highs.
1.2435/40 has become increasingly important support on its successful test this morning in the US.
1.2495 is resistance intraday, the 61.8% retracement of the 1.2443/1.2529 range.
Looks like we could have another quiet afternoon as many watch Euro 2012.