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EUR Mid-day Analysis

The Euro has carved out a series of higher lows over the last couple sessions and

While the Swiss has clawed up and away from its recent lows,

A minor recovery bounce is being seen in the Yen because of ideas that money might have to

The Dollar sits just under its recent highs to start today as it was hit with Russian exporter selling in thin holiday conditions.

Coiling in the Canadian continues with the residual strength in the US Dollar

A holiday has thinned the trade in the Pound today but the Pound might also

The hesitation ahead of the $1170.8 Dec 22 low combined with daily studies at

Bulls look for a correction while the $53.94 low supports. O/S daily studies

Bulls take comfort in the recent closes above the 21 & 200-DMAs but

Layers of resistance remain in the $1.2226-1.2302 region with bulls needing a close above

A dull session for the AUD/USD this morning with onshore Australian markets still closed in observance of Boxing Day.

The pair started this morning’s session at $1.2225 after pulling back from a high of $1.2252 traded