EUR/USD Chart 1H 6/4/2012 7:05 AM EDT The EUR/USD basically formed a range between 1.2460 and 1.2286 after the poor 6/1 US NFP release, which showed only 69K jobs added in May. This “range” represents the conflicting dynamics between risk aversion (USD-positive) and QE prospect rising (USD-negative). As the market gears up for the 6/4 US trading session the EUR/USD is nearing the highs from right after the NFP-reaction in the 1.2450-1.2460 area. A break above this area can open up the
