Wednesday’s decline in EURUSD was extended in Asia yesterday but those 14 month lows were not maintained. European price action attracted buying interest that yielded gains but not enough to regain more than half of the preceding day’s fall and it is that failure at a Marabuzo line that introduces a strong note of caution into today’s analysis. Nonetheless sentiment is left mildly positive with potential through 1.2938 to 1.2953.