It was caused by benign data from American labour market supported by the industrial production
decrease in Europe. In the morning the euro started firming to 1.1242 from
opening 1.1215, but it lost to 1.1130 when the American statistical data
were released and closed at 1.1190. In the U.S. the EUR/USD began at 1.1209
and finished at 1.1211. This morning the rate is at 1.1234 and should move
within 1.1200 and 1.1280.