Quiet overnight session in Asia, but EUR/USD has managed to eek out some marginal gains, presently up at 1.4675 from a North American close Tuesday around 1.4655.
Talk now has decent sell orders lined up from 1.4680 up through 1.4700, where barrier option interest is said to lie. Asian sovereigns are said to be among those looking to sell. Above there buy stops are said to be gathered around 1.4725 and again above 1.4750.
Technical supports 1.4655/60 and 1.4630, resistances at 1.4680/85 and 1.4720.
European data due today (not including UK)
07:15 GMT: Swiss retail sales July
08:00 GMT: Italian CPI – EU harmonized (August-final) expected +0.3% m/m, +0.2% y/y
09:00 GMT: Swiss ZEW survey (expectations) September
09:00 GMT: Euro zone CPI August expected +0.2% m/m, -0.2% y/y, core +1.2% y/y
09;05 GMT: Italian current account July.
