EUR/USD and EUR/JPY have recovered their early losses as intraday shorts taken on the short-term downside momentum are reversed. Stocks are off earlier lows and there is some political uncertainty in the wake of the arrest of the Governor of Illinois. Offers extend to the 1.2895 level above which a small group of stops rest. The key level near-term is the resistance line at 1.2953 on the daily chart.
