No signs of a bounce from the euro yet as we meander around the 1.1200 level
1.1220 is still seeing some resistance but it's 1.1230 that is holding firmer
EUR/USD 15 minute chart
I still feel we're very much at the mercy of the dollar side of the trade, rather than the euro so it's probably going to take USD/JPY to move to bring out a move in EUR/USD
The fact that it didn't even flinch at the inflation numbers is probably the biggest tell. The first US GDP revision is the big number on the docket today so it's unlikely we're going to see prices stray too far ahead of that.
Should we make a move we'll probably run into resistance between 1.1240-60 then 1.1280/85 before hitting 1.1300 and resistance at 1.1310/20
The downside would find the late European session low of 1.1180 as support, then 1.1170 and stronger at 1.1110
