Stocks and commodities have rebounded thus far this morning, helping underpin EUR/USD as the overhang of risk aversion erodes. Prices have moved back up to the 1.2635/40 from the 1.2600 area just under an hour ago. Offers are seen at 1.2640/50 and again at 1.2675/80.Stops are eyed just above from day traders.
In EUR/JPY, stops are tipped just above the overnight high at 124.12. We trade now at 123.93.
