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While at this point the impact of the events in Egypt will likely be just a temporary blip on the price action of this pair, the euro is at a critical level and heading into next week, traders will want to watch market sentiment closely to see if the area around 1.3500 can hold as support or if losses toward 1.3400 are in store.
FORBES: Buck Makes A Run But Cannot Break New Ground
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In the meantime the temporary restraining order preventing Motorola taking action in Germany was left in place.
BBC: Xbox ban: Motorola unable to enforce Microsoft ban
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In light of the pending dairy cliff and the competing interests of the industry and consumers, perhaps the best course of action is for the USDA to issue temporary rules to avert a spike in prices, but those rules should be set to expire once permanent rules can be crafted through the formal (and transparent) rule making process.
FORBES: As Dairy Cliff Approaches, Consumers May See Milk and Cheese Prices Double