EUR/USD: Fresh Cable Lows Drag EUR Down with It

EUR/USD has seen some long liquidation o the loss of 1.3080/85, dragged down in part by fresh cable losses and new highs for the move in USD/CHF. EUR/USD trades just above Friday afternoon's lows. Year-end position liquidation appears to be at play with some talk of macro funds looking to harvest profits while there is still a semblance of liquidity. 1.3030 is next support, followed by 1.2980.