EUR/USD continues to trade in the quagmire that is the 1.3455/75 overnight range. Spot will be little aided by the recent publication of German May import numbers of +0.3% M/M & +0.6% on the year. These match market expectations to leave dealers looking to the 08:00 GMT Euro Zone data.
The price currently pivots the 1.3465 mark with bids into the Asian base at 1.3455 with more demand noted into 1.3450. Offers are seen trailing back to 1.3480 with stops noted above but it is the 1.3500 area that will act as a better topside directional trigger.
EZ Current Account numbers for April are due at 08:00 GMT with the seasonally adjusted current account surplus expected to narrow to EUR 3.5Bln, from the EUR 5.4Bln seen in March.
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