EUR/USD is trading very slightly easier, presently down at 1.3513 compared to a North American close Friday up around 1.3535. The market hasn’t heard anything concrete regarding an aid package for Greece and so remains wary of embracing the euro at the present time.
So far though the 1.3500 line has held the downside amid talk of newly-minted option barrier interest at said level and protection of such. As we’ve noticed in the past, option protection hasn’t proven much of an ongoing deterent to moves in either direction.
Nothing much in the way of data releases today, not unsual for a Monday.
15:00 GMT: Euro zone consumer confidence for March.
Stops below 1.3500 before buy orders tipped at 1.3470 down to 1.3430. Sell orders 1.3530/50, stops just above there.
