EUR/USD sits at 1.4125, trading being confined to a very narrow range in recent hours. The pairing is being underpinned by fairly strong risk appetite and ongoing talk of month, quarter, half year end dollar sales lined up for the fixings (although as I’ve mentioned before there is a danger this interest has been front run.)
Technical support lies at 1.4080, resistance at 1.4150/55.
Few U.S. data releases today. Main one will be US consumer confidence for June, due at 14:00 GMT, which is expected to show a 55.3 read.
Also out
13:00 GMT: Case Shiller house price data for April
13:45 GMT: Chicago PMIfor June expected 39.0
14:00 GMT: NAPM Milwaukee June expected 45.0
