EUR/USD sits at 1.4390, very marginally easier from North American close Thursday up around 1.4405.
Euro zone data due today:
06:45 GMT: French business confidence indicator for July expected 107 from previous 109; French own company production outlook; French production outlook indicator
08:00 GMT: German Ifo: business climate expected 113.7 from previous 114.5; current assesment 122.3 from previous 123.3; expectations 105.0 from previous 106.3
08:00 GMT: Italian retail sales for May expected +0.3% m/m
09:00 GMT: Euro zone industrial new orders for May expected +0.8% m/m, +10.1% y/y
Talk of sell stops through 1.4340 before buy orders clustered 1.4300/20 (100 dma 1.4308). Downtrend resistance up at 1.4470/75. Guess they’ll be decent sell interest just ahead of there, buy stops just North.
