I just knew I should have taken that months holiday. EUR/USD at 1.4295 presently, is exactly where North America closed out Tuesday, with Asian overnight trade confined to an extremely narrow range.
Chinese stocks seem to have settled down somewhat (famous last words) so no impetus there. Best hope today seems to come from German IFO survey for August to be released at 08:00 GMT.
Business expectations expected 92.0 from previous 90.4
Business climate expected 89.0 from previous 87.3
Current assessment expected 86.0 from previous 84.3
EUR/USD just seems incapable of holding ground north of 1.4350 at the present time, while there seems to be fairly decent demand so far on dips to the 1.4250 area, leaving us in something of an impasse.
Supports 1.4280 and 1.4255/60, resistances 1.4310, 1.4340.45 and 1.4375/80.
