FXstreet.com (Barcelona) - Nonfarm payrolls disappointed, at 80000 in June, 10k lower than the general consensus. However, probably not enough to get the Fed to start QE3, which would weaken the greenback. The unemployment rate remained at 8.2%.

The EUR/USD is extending its plunge after having almost reached 1.2700 level last Friday. Next target on the downside below the 1.2300 sentiment area would be June and 2012 low at 1.2287.