EUR/USD remains snugly ensconsed in a narrow range as we draw ever closer to the festive season.

The euro has garnered some mild underpinning from China reiterating support for the European Union in addressing its’ debt crisis.

Euro zone data due:

07:00 GMT: German Gfk consumer confidence for January expected 5.7 from previous 5.5

10:00 GMT: Italian unemployment Q3 expected 8.3% from previous 8.5%

Sell stops below 1.3100. Sell orders around 1.3200. Buy stops through 1.3210.