Euro Recovering Off Lows

Written December 17, 2009 at 8:33 PM EST by  

The EUR/USD pair has recovered from the 1.4304 lows and has rallied a full figure on what continues to be a thin and volatile environment, with little to no significant news or economic releases. The channel below for the EUR/USD has held from the beginning of the month and we will continue to watch it into the New Year.

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The EUR/CHF pair also took a more dramatic tumble earlier in the session, as a large stops seemed to filled below the 1.50 handle all the way down to  1.4907 before rebounding with the rest of the risk currencies.

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