Yesterday some pause came to the bear trend with major U.S indices gaining between none to 0.5%. However the weak NFP data from Friday seemed to have broken any Bull that was left in the market.
Key market data to watch today:
9:00 EU - retail sales.
13:00 Canada - interest rate decision.
14:00 U.S - ISM non manufacturing.
The Euro managed to find a bottom at 1.229 levels, triggered by the weak NFP data on Friday.
Short term resistance is at 1.253 and 1.26 is expected to hold. Support at 1.24 and 1.236. is expected to be tested.