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

Chris Weston

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.


Chris Weston

Chris joined IG as a sales trader in 2006, having worked previously at Morgan Stanley, Credit Suisse and Merrill Lynch, gaining exposure to both equity and fixed income trading. After accruing 15 years' experience in financial markets, Chris...

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