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Latest impact: EURUSD Felling off the [fiscal] Cliff


EURUSD slid towards 12735 as the stock market fell off the cliff, an outlandish fiscal cliff issue that should be resolved quickly, or else! The rate of the euro YST did not price in fully the value of the stock market, and as such, the pressure should continue towards 12666. Selling levels are attractive @ 12730 and 12840, and only a close above YST high delays the stumbling.