US equities have recouped about 3% of recent losses, helping spark recoveries in EUR/USD and EUR/JPY. EUR/USD has triggered stop-loss orders in EUR/USD around 1.2860/65 level. Prices have reached 1.2888 so far.
EUR/JPY has reached 125.75 thus far and stands about a half-yen below the 126.25 level above which a double-bottom pattern will be triggered. A bounce of nearly 3 yen can be expected if 126.25 is overcome.
