EUR/USD has gapped higher to trade in the 1.3790's in the wake of the recent Euro Zone data. Into the publication and spot traded 1.3786/88 but the pair has since posted a fresh session and intraday high at 1.3794 as the data is digested. EZ final June CPI matched expectations to come in at +0.1% M/M & +1.9% on the year, however, some had looked for a slightly weaker report.
Offers in EUR/USD are still seen trailing back to the 1.3800 area with the new all-time highs up at 1.3815 noted above before the option barriers seen into 1.3830 and 1.3850.
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