EUR/USD presently sits at 1.3323, about 8 pips firmer than the 1.3315 North American close I jotted down Friday.
Slow EUR/USD trade in Asia and we could be in for similar during the European morning, given little interesting euro zone economic data to be released and given proximity of the Martin Luther King Day holiday in the US.
We look to be in need of a big tape bomb or two….
Buy orders clustered 1.3300/05 and more down around 1.3280. Sell orders clustered 1.3240/60, buy stops above there (I’d think relatively light) before more sell orders clustered 1.3395/05. Buy stops gathering up at 1.3405/10.
