The dollar weakened into a low of 1.2825 before bolstering back to 1.2775. The Euro is overbought on a short term foundation and has to fix, but the dollar will probably require some basic fantastic news to procure a more persuasive rebound back through 1.2650. Unless a solid lead in surveys opens up there's absolutely no source of the.

Analysis provided by http://www.fxtoday.co.uk