5 December 2001, 09:05  Сurrencytalk: EUR/USD steady ahead of a busy European session

Another quiet Asian session for the pairing with some buying from a German name noted earlier, but little to threaten the recent narrow ranges. Support at yesterdays lows around 0.8885, though some short term stops are building just below, but larger stops seen below 0.8850. A busy European session in prospect with a raft of economic releases. German unemployment, followed by core EZ countries PMI services data, then EZ PMI services, retail sales and business climate to complete the session. Expect offers at 0.8920 and the 0.8940 levels to limit gains.

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