With double bottoms near 1.2260, 1.2300 is now the trigger point for a minor rally. So far we’ve been unable to break and are stuck in a consolidation.
Equities are likely to be the near-term focus unless we get a stray headline. We can only hope….EUR/USD trades at 1.2290.
Just crossing the wires, the IMF says that weak growth could threaten Irish budget plans.
