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Euro little changed at the beginning of the week

Monday, Feb 09 2015
It is a steadier European part of the session for euro, which is currently being traded around 1.1330 area, as there are no major data releases from Eurozone. After it went through huge downtrend euro managed to rebound in the last two weeks. However, 1.15 handle remains major resistance and after latest NFP figures euro once again pulled back.
 
Earlier today, German Trade Balance and Sentix Investor Confidence Index were released. German Trade Balance surplus rose to 21.8 billion euros, beating market expectations on €18.2 billion surplus. Sentix Investor Confidence data rose 12.4, also above forecasts on incline to 3.4. This is the highest level since April 2014.
 
We can expect less volatile rest of the session as there will be no major data releases from USA. Pair is likely to find support around 1.1280-1.13 area and resistance above 1.1370 level.
 
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