EUR/USD sits down at 1.3865 from a North American close Monday up around 1.3915, having been as low as 1.3839 so far.
Concerns surrounding the euro zone periphery remain to the fore, with Ireland head of the list.
Just before I left I had mentioned large 1.3800-1.4800 dnt interest in place, and given it had a one month expiry it still will be. As a result we should expect a fairly robust defence of said lower parameter.
Talk of sell orders up at 1.3880/00 and would suspect trailing buy stops will be gathered not far north of there. Will try and find out as the morning progresses exactly where. Sell stops seen below 1.3800.
Euro zone data due today:
07:00 GMT: German CPI for October (final) expected +0.1% m/m, +1.3% y/y
07:30 GMT: Bank of France business sentiment for October expected unchanged 102
07:45 GMT: French trade balance for September; French central government balance for September; French survey of industrial investments
