EURUSD: With a strong sell off pushing the pair through its Mar 15'10 low at 1.3638 on Thursday, risk is now seen towards its next downside target located at its Mar 09'10 low at 1.3536. However, despite its current downside pressure, EUR still retains its corrective to consolidation tone unless the 1.3433 level, its 2010 low is recaptured and its medium term declines triggered. On the upside, above the 1.3816 level, its Mar 17'10 high will have to traded to trigger further upside towards the 1.3838 level, its Feb 09'10 high with a loss of there creating scope for further upside gains towards its Feb 03'10 high sited at 1.4025 where a cap is expected.

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