Ahead of the 4-day Easter break and European traders see a quiet afternoon session in the makings but with US Employment data looming, due tomorrow, there will no doubt be the need for position altering. However, tomorrow many shops will be fielding skeleton crews to cover all eventualities.
EUR/USD traded in the 1.3360's for the most part in the European morning, with option related and other assorted buyers propping the early dip to 1.3355. Further option expiries are noted at 1.3350 intraday with exotic 1.3250/3450 and 1.1500/3500 DNT"s also set to mature at the NY cut at 14:00 GMT. Looking ahead, weekly jobless numbers (12:30 GMT) will hold extra importance while the 16:00 GMT release of the February Chicago Fed Manf. data is the only event-risk on the calendar.
EUR/USD dealers note stops below 1.3350 (circa-1.3340) while central bank buyers are tipped should a towards the 1.3330/35 area be witnessed while on the topside supply trails from 1.3380 back to 1.3400 with stops seen above 1.3405. Sentiment remains cautiously bullish ahead of the ECB verdict due next Thursday.
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