While we wait for the usual happy talk from the EU summit, EUR/USD continues to waffle within ranges established on Wednesday. Reasonably upbeat Chinese data has kept risk appetites reasonably high but we are beginning to lose a bit of our momentum after a big rebound in US jobless claims.
Near-term, 1.3070/80 is important support. Stops are eyed clustered around the 1.3065/70 level from short-term specs. We trade now at 1.3100.
