The EURUSD had a rollercoaster day on Thursday.  The pair appeared to be positioned to make a move up towards the 1.25 area heading into New York trading until profit taking and a flurry of bad news pushed the cross to another new low at 1.2340.  The 1.2340 level represents the descending trend line that has contained the pair over the last few weeks.  Profit taking prior to NFP could produce a bounce from this level.  As always with this pair keep your eyes on the wires for news and  rumors.

Sup    1.2340

Res    1.25