EUR/USD has given up a little ground overnight, presently down at 1.4995 from a North American close Wednesday up around 1.5010. Asian stockmarkets have traded lower, following Wall Street’s lead, and European markets look set to open appreciably lower and this will have weighed just a little on the EUR/USD pairing.
European data due today:
06:00 GMT: Swiss trade balance for September
06;45 GMT: French business confidence for October expected 87 from 85
08:00 GMT: Italian retail sales for August expected +0.1% m/m, -1.7% y/y
08:00 GMT: Euro zone current account for August
09:00 GMT: Italian trade balance for September
Pretty much second tier fare and unlikely to whet trading juices to any great extent.
Barrier option interest remains up at 1.5050 and we can expect the usual defence of any approach.
Supports 1.4975/80 and 1.4950, resistance 1.5035/40.
Wouldn’t be surprised to hear some sell stops parked just below the 1.4950 mark, but no confirmation of such just yet.
