FXstreet.com (Barcelona) - The pair is still vulnerable; EUR sold off hard breaking back below the 1.3330 level, its Jan 27'09 high/former range top after intra day price action put it back above that level briefly on Thursday.

On the whole, though correction remains in force nearer term, the 1.3113 or even 1.3097/93 area now looks to preserve the pair's ST uptrend initiated at the 1.1.2456 level. Stated Mohammed Isah, analyst at FXTechstrategy.

For more information, read our latest forex news.