London session ahead will bring no EUR macro data related, but Germany selling € 5B worth in 2 year notes at 06:00 GMT, and Portugal auctioning up to € 2B worth in Treasury bills at 09:30 GMT. Later in the day will come US housing data at 12:30 GMT followed by Fed Bernanke testifying in the semi-annual monetary policy report before the House Financial Services Committee in Washington DC at 14:00 GMT. The UK will release both Claimant count change and MPC meeting minutes at 08:30 GMT which could bring volatility to the EUR/GBP cross.
Immediate support to the downside for EUR/USD comes at July 06 lows 1.2259, followed by July 10 lows at 1.2233, and July 11 lows at 1.2212. For the upside closest resistance comes at recent session highs at 1.2305, followed by yesterday's highs at 1.2316, and July 10 highs at 1.2233.