EUR/USD has eased very marginally in Asian trade, presently at 1.1935 from a North American close Tuesday up around 1.1960. But once again price action has been confined to a narrow range, the pairing effectively consolidating recent losses under 1.2000.
No major euro zone data to be released today.
A quarterly Bloomberg poll of investors and analysts has 73% of respondants feeling we’ll likely eventually see a Greek debt default. More than 40% see Greece likely abandoning the euro.
Talk of buy orders at 1.1910/20 and 1.1880/90 both levels said to contain Asian sovereign interest. Talk of 1.1850 and 1.1800 barrier option interest. On topside stops seen just above 1.2010.
