Morning Madness

Bullish

• Futures are slightly positive heading into the market open this morning
• The volume continues to not be there as we are coming to a close for the year
• No real economic reports due out today
• EUR/USD had some weakness yesterday, but have bounced on support
• GBP/USD fell below the 200 day moving average but also bounced off of support
• USD/JPY is showing continued weakness as it continues to trend downwards
• Market consolidating around the 1254-1259 price area
• Bears would need to claim 1246 to put any real dent into this trend
• Market movements should be slow and small in either direction
• Dip buying is still strong