EUR/USD stages a bounce from just above 2010 support via ForexLive

Back to work Ryan, it's not clocking off time yet.

The euro has bounced after a having a look at the support around 1.2224/40 (June 2010 support line and 200 mma)

EUR/USD Daily chart 19 12 2014

We're back up to 1.2280 in fairly lacklustre trading and that's partly been helped by EUR/GBP holding support at 0.7830, and just ahead of its own long term support level. 1.2290 is the nearest resistance ahead of 1.2300

EUR/GBP Daily chart 19 12 2014

The only biggish event left on the calendar is Canadian CPI, one of my favourite numbers at the moment, as it keeps blowing BOC's Stephen Poloz out of the water. I'll have a look at USD/CAD and see if there's anything good to watch.

posted via ForexLive