Friday December 30, 2011 - 11:30:38 GMT
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Forex Weathermap - EURUSD

13:20 GMT (Global-View.com) Dec 30 An eventful year is coming to a close with the euro consolidating vs. the dollar while trading weaker on its crosses. Most notable is eurjpy, which briefly tested sub-100 for the first time in 10+ years, coming within a hair of its June 2001 low at 99.90 (low 99.96). This follows yesterdays eurusd test of its weekly channel bottom (1.2855) and subsequent rebound that did not seriously threaten 1.30.

Bias: Remains negative. For today, end of year flows can be a crapshoot and looks like consolidation while within 1.2855-1.3000 but with a negative bias while below 1.30.

Range: 1.2800/1.2855/1.2900 1.2960-75/1.3005/1.3050

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