EUR/USD down at 1.2905 from a North American close Friday up around 1.2930. Market will already have one eye on the release of EU stress tests later in the week (July 23). Seems to be a high degree of caution surrounding the release, evidence report in today’s FT.
Euro zone data due today:
08:00 GMT: Euro zone current account for May
09:00 GMT: Euro zone construction output for May
Talk buy orders layered 1.2880 down to 1.2850, with stops gathering in 1.2840/50 arera. Sell orders 1.2950/60 light stops through 1.2970.
