EUR-USD: Our bias on the currency pair remains for consolidation or correction, although its close on Friday may have signaled risk of further declines toward the 2010 low at 1.3433. That level preserves the consolidation bias mentioned above, but if it snaps, the pair will resume broader medium-term weakness triggered off the 1.5143 level in November. This will expose the June 3 low at 1.3211 and then the big psychological level of 1.3000. If the 1.3433 level holds, however, we should see the continuation of the pair's consolidation. Upside targets would be the March 15 low at 1.3638, the March 17 high at 1.3816 and the Feb. 9 high at 1.3838. A loss at the latter level would create the possibility for further upside gains toward the Feb. 3 high at 1.4025. In summary, we retain our corrective/consolidation view on the pair with the risk being a break and close below the 1.3433 level.