EUR/USD is trading steadily, presently at 1.3975, with trading having slowed. The euro has been underminned by European stocks today.
European stocks are trading underwater with the DAX 30 off some 1.3% at writing. News that Volkswagen has extended a credit line of more than 700 mln euros to Porsche has weighed on car stocks and the general indices.
General sentiment obviously hasn’t been helped by the goings on in North Korea.
The release of slightly disappointing ifo survey data has also weighed on sentiment.
Technical support for EUR/USD comes at 1.3945/50 and 1.3920, resistances up at 1.4000/05, 1.4030 and 1.4050/55. Souces report buy stops gathered up around 1.4060.
