EUR/USD has opened a touch easier in Europe after a subdued overnight session in Asia, presently down at 1.4685 from a North American close Friday around 1.4705. Chinese stocks are getting hit again today (Shanghai index presently down 1.7%), with general risk appetite a little on the wane, and this is weighing on the pairing. Technical supports now at 1.4675/80 and 1.4640, resistance 1.4710/15, 1,4730 and 1.4770. Talk of buy stops gathering just above 1.4770. I suspect sell stops gathering just below 1.4640. Hopefully get confirmation of that in due course. No euro zone economic data releases of note today.
EUR/USD opens touch easier
Source: www.forexlive.com
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