EUR/USD up at 1.3695 from North American close Thursday down around 1.3680, with Asian trade confined to a modest 1.3670-1.3701 range. No new major developments overnight, so there wasn’t any real incentive to push the envelope.
For today euro zone data as follows:
07:00 GMT: German February wholesale price index expected +0.6% m/m
07:45 GMT: French current account for January expected -3.9 bln
09:00 GMT: Italian labour costs Q4
11:00 GMT: Euro zone industrial production expected +0.8% m/m
This time yesterday we had buy orders at 1.3600/20 and sell orders from 1.3670 up through 1.3705 and they’ve managed to hold price action over the past 24 hours. More sell orders tipped up at 1.3730/50, the one’s around 1.3750 said to be of good size.
