Waiting for Godot…….

Or rather Bernanke.

EUR/USD sits at 1.2512, aforementioned buy orders clustered down at 1.2480/90 having provided a brickwall against the early slippage. Sell stops through 1.2480.

So what we got on the topside now.

Talk of sell orders lined up 1.2520/40, with buy stops above there.

European stocks have reversed early losses. Best performing index Italy’s FTSE MIB up +0.5%.