It’s Friday and it’s raining, but at least i don’t have any ‘google’ shares!
Gerry’s off today trying to get a ‘rain-tan’, he does pick his day’s doesn’t he..
EUR/USD ‘s been comatose in Asia and it doesn’t bode too well this morning unless some revelations come out of the Brussels summit.
Offers sit up at 1.3080/00 and more up at 1.3140/50 which includes a 38.2% fibo retracement of 1.4940- 1.2042. There’s also a barrier at 1.3150. On the downside bids are clustered down at 1.3050/60 with sell stops just below through 1.3045, ahead of technical support at 1.3020/25 where we broke the downtrend line on Tuesday.
EUR’s currently around 1.3072 after a 1.3058-77 range in Asia
Data this morning is limited to German PPI at 0600 GMT, EU C/A and Italian Industrial orders at 0800 GMT , and UK PSNB at 0830 GMT.
