Back to work Ryan, it’s not clocking off time yet.
The euro has bounced after a having a look at the support around 1.2224/40 (June 2010 support line and 200 mma)
EUR/USD Daily chart 19 12 2014
We’re back up to 1.2280 in fairly lacklustre trading and that’s partly been helped by EUR/GBP holding support at 0.7830, and just ahead of its own long term support level. 1.2290 is the nearest resistance ahead of 1.2300
EUR/GBP Daily chart 19 12 2014
It’s very unlikely that we see any real push to break the current ranges but there might be some squaring off during the US session as a lot of people will be packing up today for the holidays. When I worked in the big smoke, usually by this time I’d be in the pub topping up from one Christmas party or another with absolutely no will to do any work. How times have changed. Now it’s home alone with a fridge full of Peroni’s calling my name. Fear not, I’ll resist for at least a few more hours
The only biggish event left on the calendar is Canadian CPI, one of my favourite numbers at the moment, as it keeps blowing BOC’s Stephen Poloz out of the water. I’ll have a look at USD/CAD and see if there’s anything good to watch.
