EUR/USD up at 1.2355 from North American close Monday down around 1.2335. Real money buyers notable of late.
We’ve got releases of French and German Q2 GDP coming up early.
05:30 GMT French Q2 GDP expected -0.1% q/q
06:00 GMT German Q2 GDP expected +0.2% q/q
Next hurdle for euro bulls the well-documented sell orders up at 1.2380/00.
We don’t have confirmation as yet, but feel there are probably buy stops close above there. We’ve the 55 DMA at 1.2402. Maybe there are some parked just above there.
