Well not much of a sustained bounce from German government denial of Merkel resignation rumour. We’re presently at 1.4420.
Short-term supports 1.4400 and 1.4380, resistance 1.4445/50.
Euro zone data today:
07:00 GMT: German whole price index for December expected +0.5% m/m
09:00 GMT: Italian CPI for December (final) expected +0.2% m/m, +1.0% y/y
10:00 GMT: Euro zone CPI for December expected +0.3% m/m, +0.9% y/y, core +1.0% y/y
10:00 GMT: Euro zone trade balance sa for November 5.0 bln
European stocks to open pretty flat.
