The daily leader on Tuesday was the Australian dollar, reversing it’s lagging performance on Monday. The worst performer was the euro.
Technically, this pair bounced off a key level.
A break of the 1.2495 June 18 low targets the Feb low of 1.2140.
It’s likely the low will eventually give way but support is likely to hold at least until the disappointing official headlines from the EU Summit.
Look for sell stops below 1.2390. Offers positioned at 1.2480/90 and 1.2510/20.