1.3110/20 has proven to be a tough level – got a move through there in early Europe yesterday to 25/30, but quickly fell away again. Technically, this move was very ugly for the EUR/USD.
1.3085 through to 1.3100 is selling now.
1.3060 – we’re sitting just above last night’s lows with the EUR/USD looking a tad soggy – there is no vigor in it here. Maybe its Fiscal Cliff Blues (is that a song yet?) There is buying being filled in.
1.3045/50 support, but wary of stops below now as the chart looks a little weak and could see 1.3015/25 where buying will be in again. Below here targets 1.2990.
