Not exactly ball busting moves going on today and London/European traders will be heading out of the door shortly.

EUR/USD has pushed back above 1.22 to 1.2220 and around the area of the 200 mma (marked as horizontal line on this H4 chart). A measure of this break below will be whether the pair holds under the 1.2220/40 level.

EUR/USD H4 chart 24 12 2014

EUR/USD H4 chart 24 12 2014

There’s a few orders knocking around.

EUR/USD

  • Bids 1.2150 (barrier), 1.2100, (barrier, large stops)
  • Offers 1.2270, 1.2300 (stops), 1.2320

GBP/USD

  • Bids 1.5480, 1.5460, 1.5450, 1.5430, 1.5420
  • Offers 1.5700

USD/JPY

  • Bids 120.00, 119.80, 119.50
  • Offers 121.00, 121.20, 121.50, 122.00 (barrier, stops), 122.15 (large stops)

AUD/USD

  • Bids 0.8050, 0.8000, 0.79500 – All strong bids with barriers and stops
  • Offers 0.8150, 0.8200, 0.8250