EUR/USD sits up at 1.3754 presently, having tacked on the best part of a big figure from where it closed out Friday in North America, the pairing underpinned by confirmation of an Irish bailout.
Next level of interest seems to be 1.3767 (38.2% fibo retracement of 1.4283/1.3446 move.) That has proved a durable barrier so far. Would guess there are stops gathering not far North of said level.
Nothing of interest on the euro zone data front this morning, few bits and bobs this afternoon:
15:00 GMT: Euro zone consumer confidence for November, expected -10 from previous -11
16:00 GMT: ECB’s Trichet delivers annual report
European stocks look set to open firmer; FTSE around +0.8%; DAX +0.6%; CAC 40 +0.7%.
