1.2261 the new low after the bids and stops at 1.2270 fell. The next major support comes in on the June 2010 support line and 200 mma at 1.2224/32.

EUR/USD Monthly chart 08 12 2014

EUR/USD Monthly chart 08 12 2014

ECB’s Ewald Nowotny is speaking in Frankfurt anytime now and he’s usually good for a decent comment or two.