EUR/USD sliced a few pips below the December 20 low of 1.3625, touching 1.3622.

The pair has quickly bounced back to 1.3633 as the high on November 29 acts as support, along with the 55-day moving average.

EURUSD daily chart

EUR/USD daily chart

This is a key zone of support but for me the larger story remains EUR/JPY, USD/JPY and GBP/JPY tracking back to zones of higher volume from around Dec 20.