The Beige Book on Wednesday kept the neutral tone, and the EUR just ranged between 1.2525 and 1.2535 as no further hints of another round of QE were spotted.
Busy docket on the cards: Spanish HICP, and Italy, Portugal and the EU series of confidence indicators plus key Italian bond auctions will keep investors busy during the morning. Across the pond, weekly report on US labor market, personal income/spending and PCE.
EUR/USD is now advancing 0.16% at 1.2553 with the next resistance at 1.2577 (high Aug.28) followed by 1.2581 (high Aug.24) and 1.2590 (high Aug.23).
On the flip side, a breakdown of 1.2520 (low Aug.29) would bring the psychological level of 1.2500 and then 1.2471 (MA10d).