Price made a weekly low at 0.8016 before finding support and moving higher to currently trade at 0.8033. With the European economic calendar over for the day, the main risk events of the US session are Existing Home Sales Change at 14:00 GMT and Fed Chairman Bernanke’s meeting with the US Senate at 20:30 GMT. Forex Ticket analysts are neutral on the pair and see price continuing to range between 0.8045 and 0.8015 through the session ahead.
European Equities remain higher whilst US stocks are flat. Commodities remain mixed whilst Spanish and Italian yields are down 2.16% and 1.2% respectively.