EURUSD News on Tap…

The first two days of the week have been rather dull.  But starting on Wednesday the big boys will back in the game.  News flow from the EURUSD will kick things of Wednesday morning.  At 9:oo GMT the Euro GDP will be announced followed at 11:45 by EUR Central Bank Rate Decision.  The EUR rate decision press conference could be full of surprises so traders should keep their head on a swivel.  Heading into Asian and European trading the Euro should be range bound.  The top of the range is at 1.2540 and support is down at 1.2385 followed by 1.23.  A push up to the 1.2540 area could attract seller.

Sup   1.2540

Res   1.2385

 

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