EUR/USD has opened a little firmer in Europe, presently up at 1.4880 from a North American close Tuesday around 1.4855.
Talk of 1.4900 barrier option interest, with defence of said interest expected.
Little in way of euro zone economic data today:
09:00 GMT: Euro zone industrial production (s.a) for August expected +1.2% m/m, -15.5% y/y
No respite for beleaguered greenback just yet. Asian sovereigns good buyers EUR/USD yesterday with both China and Korea notable. As I said at the time was very surprised to hear China still buying up around 1.4870’s yesterday.
European stocks set to open firmer today.
Inital support 1.4840/45, resistance 1.4890/00.