EUR/USD sits at 1.3380, exactly where it closed out Monday in North America, with trading overnight limited to 1.3365-1.3413 range. Asian stocks, especially Chinese, have had something of a rough ride helping cap rally attempts in the pairing.
Euro zone data for today:
06:00 GMT: German Gfk consumer confidence survey for May expected 3.2
06:00 GMT: German import price index for March expected +1.1% m/m, +4.2% y/y
06:45 GMT: French consumer confidence for April expected -33
07;30 GMT: Italian consumer confidence for April expectewd 106.3
Sell orders noted up at 1.3400/20. Talk of stops gathered just above 1.3450. Yesterday heard reports of stops through 1.3425. Can’t see any reason why they shouldn’t still be positioned there, but will check and report back. On downside sell stops noted just below 1.3280.
