Euro is trading at 1. 0673, appreciating against the US dollar as the dollar rally stalled. Economic data reported from the EU was in line with expectations but all focus would be on the Italian referendum due to be held this Sunday.
Expect a test of 1. 07 in the day’s session as investors continue to book profits before the key US data. Euro remains a sell on rallies going into the FOMC meeting on the 15th.