German Factory Orders (Dec) 1.7% vs. 1.0% expected.
Eurozone gov’t debt at 87.4% of GDP in Q3 vs. 87.7% in Q2.
Eurozone Sentix Investor Confidence (Feb) -11.1 vs -15.0 expected.
Greek gov’t official says thereis no deadline on Monday for political leaders to respond to bailout terms.
EUR/USD testing resistance @ 1.30961.
The Euro is firmer in recent trading as equities open up slightly higher; FTSE, CAC, and DAX all up over 1.5%. On the 15 minute chart the EUR/USD is testing the 38.2% fibo line; the next bullish target is 1.31095. If resistance holds we look back to the low of 1.30525.
UK HPI (Jan) 0.6% vs 0.1% expected (-0.9% prior).
Euro breaks resistance
The EUR/USD has made a break higher through resistance, which we acknowledged earlier. The next level higher is 1.32173.



