EUR/USD - Despite the raft of US data due on the docket, in Europe there plenty to keep traders entertained

Chris Weston
Chris Weston IG Markets

EUR/USD - Despite the raft of US data due on the docket, in Europe there plenty to keep traders entertained. In early trade we get the revised services data from Italy, Spain and Germany, while a little later at 21:00 (AEST) we get the latest GDP read (expected to print 0.1% on the quarter), with retail sales also due. The pair is finding good supply at 1.3627 (the 61.8% retracement of the October to November sell-off) and momentum based traders will be keen to add to longs on a daily close above this level.

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