No holiday cheer for euro bulls as we hit a new low for the year.
We’r through the 200 mma and have the August 2012 low at 1.2132 coming in ahead of the Nov 2005 support line at around 1.2100.
EUR/USD Monthly chart 23 12 2014
1.2210 holds support ahead of the big figure and if it holds a first test then we’ll need to get back over 1.2220, 1.2240 at least to see a decent bounce.
