Markets have thinned out even further after a failed push to the downside early in the NEw York session was followed by a false breakout to the topside at midday. A close above the 1.2950 level will brighten the technical picture for the euro but it remains to be seem if speculative interest is great enough to participate. Interbank dealers are trying to keep potiotions close to square which saps the marklet of liquidity and makes for jumpy price moves with many fits and starts.
EUR/USD trades quietly at 1.2922 while EUR/JPY bounces from just aead of Fibosupport at 118.42. it trades now near 118.85.