EUR/USD is up at 1.3205 presently having closed out Tuesday in North America down around 1.3180. Reports IMF is considering additional loan to Greece has helped lend some support to the beleaguered euro.
Euro zone data thin on the ground today:
German CPI for April (provisional)
07:30 GMT: Italian business confidence for April expected 49.5
European stocks expected to open lower today.
Talk sell orders now at 1.3220 up to 1.3250, with stops gathering just above 1.3260. Buy orders 1.3180 down to 1.3150. Probably stops through 1.3140, but need to get confirmation of that.
Also talk a large 1.1500 EUR/USD put was purchased yesterday. I’ll try and sniff out expiry details.
