Data wise, a set of confidence and sentiment indices will also be published for the euro zone, Italy and Portugal ahead of a key Italian 10-yr bond auction. Across the Atlantic, Durable Good Orders and the annualized GDP during the second quarter (+1.7% exp.) are also expected.
German Import Price index unexpectedly rose 1.3% in a year through August and 1.3% MoM, beating expectations at +2.7% and +0.8% respectively.
The cross is up 0.17% at 1.2895 with the next resistance at 1.2913 (hourly high Sep.26) followed by 1.2971 (high Sep.25) and then 1.2997 (MA10d).
On the flip side, a breakdown of 1.2823 (MA21d) would bring 1.2815 (low Sep.12) and then 1.2753 (low Sep.11).