EUR Trading Outlook (30-06-2014)

EUR/USD opened NYC 1.3611 -15 pips vs last night’s close, O/N range 1.3610/35. No strong flows and the presence of nearby strikes once again corralled EUR/USD. The NYC range was 1.3610/48 and we’re heading to the close at the highs. U-Mich beat f/c but had little impact. US equity marts are closing mixed, -0.25%/+0.20%, the Dow extending losses, the NASDAQ extending gains vs noon m-to-m. Today’s close was the highest since Jun 5th and In listless markets, 200-DMA at 1.3673, just below June 6th 1.3677 high should hold. Thick option calendar next week 1.3500/1.3625 may prevent spot from reaching those levels. ECB & NFP next week’s focus.