EUR/USD sits at 1.3720, marginally firmer from a North American close Monday down around 1.3690.
Euro zone data due today:
07:45 GMT: Euro zone producer prices expected +0.6% m/m, +5.0% y/y
08:50 GMT: French manufacturing PMI for January (final) expected 54.3
08:55 GMT: German manufacturing PMI for January (final) expected 60.2
08:55 GMT: German unemployment change for January expected -10k from previous +3k; unemployment rate unchanged at 7.5%
09:00 GMT: Euro zone manufacturing PMI (final) expected 56.9
09:00 GMT: Italian unemployment rate for December expected unchanged at 8.7%
Sean has indentified the next technical resistances for euro bulls to overcome, namely 1.3740 (61.8% fibo retracement of 1.4290-1.2860 move) and then 1.3785 (November daily high)
European stocks look set to open marginally firmer, FTSE, DAX and CAC 40 all up around 0.5%.
