EUR/USD up at 1.2773 from North American close Thursday down around 1.2745. Slight improvement in general risk backdrop.
We’ve some Chinese data due at 05:30 GMT. If it’s stronger than expected we could well get some extension of the current rally.
Sell orders clustered 1.2785/00. Yesterday we had reports of buy stops through 1.2805 and 1.2815. I would strongly suspect they’re still in place.
