With European stocks set to open firmer, EUR/USD has caught a bit of a bid as European trading gets underway.
We’re at 1.3745 having been as high as 1.3753.
Talk of sell orders clustered up at 1.3760/70. Will try and ascertain where buy stops lined up ASAP.
Euro zone data due this morning:
08:45 GMT: Italian manufacturing PMI for October expected 47.2 from previous 48.3
08:50 GMT: French manufacturing PMI for October (final) expected unchanged 49
08:55 GMT: German manufacturing PMI for October (final) expected 48.9
08:55 GMT: German unemployment change expected -10k; unemployment rate unchanged at 6.9%
09:00 GMT: Euro zone manufacturing PMI for October (final) expected down fractionally to 50.0 from initial 50.1
