Update: EUR/USD posts fresh low

FXStreet (London) - EUR/USD has posted a low at 1.2051 before retracing losses to where it is presently trading at 1.2063, down -0.3% on the day.

With thin volume, an empty calendar and 2012 lows within touching distance, traders should keep on eye on this chart throughout this session. Later today during the London session we have a smorgasbord of European Manufacturing PMI data.