Presently down at 1.2978 from North American close Tuesday up around 1.3000. The move comes with the US dollar firmer across the board in the wake of the BOJ intervention in USD/.JPY.
Buy orders, including sovereign interest, now seen clustered down around 1.2935. Sell stops probably gathered through 1.2920 which was siginificant resistance on the recent move higher.
Euro zone data due today:
08:00 GMT: Italian CPI for August (final) expected +0.2% m/m, +1.6% y/y
09:00 GMT: Euro zone CPI for August expected +0.2% m/m, +1.6% y/y, core +0.9%
09:00 GMT: Euro zone employment Q2