+/- 200pips on either side of 1.3000 is all you'll see the rest of this year. Happy Holidays!
EUR/USD – wants to return to old ground back at 1.31
The Euro fell sharply late last week as it moved from the strong resistance level around 1.31 back down towards 1.29. The 1.30 level could have been expected to provide some support having previously been a strong resistance level only a week or so earlier, however the Euro fell right through it. Over the last 48 hours, the Euro has been well caught by another level at 1.29 which has provided sufficient demand to not only temporarily halt the fall, however provide sufficient support to allow the Euro to bounce back to 1.30. Prior to this fall over the last week, earlier last week the Euro surged through the ... (full story)