EUR/USD sits at 1.4535 , pretty much where it closed out Thursday in North America. Risk aversion is evident at present, with Asian stocks getting hit hard overnight following Wall Street’s lead, and this is weighing on the pairing.
Not too much to get excited about on the European data front this morning, with the main focus on this afternoon’s U.S jobs data.
08:00 GMT: Italian deficit to GDP (ytd) Q-2
09:00 GMT: Euro zone PPI August expected +0.4% m/m, -7.6% y/y
Talk of buy orders down at 1.4500/10, stops just below there, and then more buy orders at 1.4480 down through 1.4450.
Technical support 1.4500/05, resistance 1.4545/55.
