Amid talk of Asian sovereigns, including China, buying.
Talk of 1.3500 barrier option interest, so guess we can expect a battle around said level. EUR/USD sits at 1.3475 having been as high as 1.3485. As Seam mentioned, decent stops gathered in 1.3505-35 area. Great advice given below regarding stops. Listen to the market
EUR/USD hasn’t really looked back since comments from China researcher hit the wires yesterday, the official opining that China needs to add more euro, yen assets to its’ reserves.
Not much in way of euro zone data today:
09:00 GMT: Euro zone current account expected -9.3 bln
10:00 GMT: Euro zone construction output for November