EUR/USD has edged upto 1.3932 from around 1.3915 when I arrived. We’re back to where we closed in North America as EUR/USD consolidates recent gains.
Euro zone data/events:
06:45 GMT: French trade balance for August expected -4.0 bln
10:00 GMT: German industrial production for August expected +0.5% m/m, +9.8% y/y
11:45 GMT: ECB rate decision
12:30 GMT: Trichet press conference
Talk buy orders clustered 1.3890/00, probably stops not far below there but need confirmation. On topside, barrier option interest at 1.3950 and larger (probably much larger) at 1.4000.
P.S Widely expected ECB will maintain the status quo.