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Euro little changed in a quiet European trade

Thursday, Dec 24 2015
There are no data releases from Eurozone today and with holidays ahead there is a bit of lack of volatility. Support in Finland for keeping the euro currency has fallen to 54% amid persistent economic problems, an opinion poll shows. This comes as parliament prepares for a debate next year on whether to hold referendum on euro membership. Despite recovery elsewhere in the Eurozone, Finland has suffered three years of economic contraction and some Finns say its prospects would improve if it returned to the markka currency.
 
Parliament had to agree to a debate on a possible referendum after a petition raised the necessary 50,000 signatures.  The debate will probably be held in the first half of 2016. The move is unlikely to end membership, analysts say. The poll by public broadcaster YLE published today showed that 54% of Finns supported remaining in the euro zone, while 31% wanted to leave. Asked whether Finland would do better outside the euro zone, 44% answered yes.
 
Euro is currently being traded around 1.0950 area. Pair is likely to find support around 1.09 handle and resistance above 1.0980 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.
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