EUR/USD has opened a little easier in Europe, presently down at 1.4920 from a North American close Thursday around 1.4940. There is precious little change from the level we were greeted with 24 hours ago, with all the fun and games taking place elsewhere.
Sell orders still noted at 1.4670 up through to 1.5000 barrier option interest. Sean has mentioned stops gathering just above 1.4675, which makes eminent sense given recent price action.
For today European data due for release as follows:
07:15 GMT: Swiss retail sales for August expected +0.8% y/y
08:00 GMT: Italian trade balance for August
09:00 GMT: Euro zone trade balance for August expected 2.5 bln, s.a 4.9 bln
09:00 GMT: Italian current account for August
European stocks looking likely to open firmer today.
