FXstreet.com (Barcelona) - The Euro (EUR) came under pressure as US stocks slumped toward the 7000 level but failure to break this and extremely weak US GDP caused a lot of volatility and 1.2600 providing support, as Easy Forex Team said.

EUR/JPY came off the 125 level as traders took profits after very large gains during the week. January CPI was confirmed at 1.1% Y/Y and Unemployment rose to 8.2%.

Overall the EUR/USD traded with a low of 1.2604 and a high of 1.2749 before closing the day at 1.2694. Eurozone Inflation Flash forecast at 1.0% Y/Y.