Euro consolidation period, US falls deeper.

EUR/USD managed to establish a support over 1.2680 after USD continues to fall further on speculation that the Fed might be pausing rates in early August despite the higher than expected core-CPI plus PPI numbers showing inflation is still around. Mr. Bernanke faded the hopes and dreams of these traders by giving dovish comments since he's focusing alot on the cooling real estate industry. I'm expecting EUR/USD to breach 1.2700 level as early as Monday. My trades has reached a higher level of profit now and I expect to gain a little more before I settle it for a profit. This is a very satisfying Friday with a desirable ending.