EUR/USD - 1.2302.. Despite initial firmness in Australia after y'day's short-covering rally to 1.2395 in NY, long liquidation by st specs pushed euro lower fm 1.2381 n price fell sharply in Asian morning after triggering stops at 1.2320, then 1.2300 n hit a low of 1.2281 b4 stabilising. Offers are reported at 1.2320-40 area n more abv, suggesting choppy trading with downside bias is seen n euro remains vulnerable to more renewed selling for further possible weakness twd y'day's NY low of 1.2204.