EUR/USD sits at 1.3620, for all intents and purposes unchanged from where North America closed out Thursday, with Asia seeing an extremely narrow rangebound trade of 20 or so pips.
Euro zone data today is strictly second tier and won’t be adding any excitment to proceedings:
07:00 GMT: German February PPI expected +0.1% m/m, -2.8% y/y
07:45 GMT: French wages Q4 (final) +0.2%
09:00 GMT: Italian industrial orders for January
ECB’s Trichet due to speak at 07:45 GMT which may or may not provide some fodder for price activity, we can live in hope.
Buy orders tipped 1.3580 down through to 1.3550, stops through 1.3530. Sell orders 1.3650/60 and 1.3700/10.