EUR/USD - 1.2512.. It will take a brave soul to sell the single ccy aggressively today after y'day's spectacular rally fm 1.2193 to 1.2541 as the easing of funding fears among European banks n good reception at the Spanish bond auction triggered heavy broad-based short-covering, the option barrier at 1.2500 was hit in late NY trading. Order book is rather thin today with US markets closed for July 4th Independence Day on Monday, however, traders are still inclined to buy euro on dips but beware of profit taking by Asian name who had loaded up not-a-small-amount of euros earlier this week on the cheap, so don't overstay your longs abv 1.2570/80.