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FXstreet.com (Barcelona) - EUR/USD is currently near session highs at 1.2346, where it has been for the last 3 hours, supported at 1.2341 in the same time period, with the 1.2350 capping the upside. The pair bounced from session lows at 1.2324, same NY session lows, right after Tokyo opened, following latest BoJ minutes, and with local share markets on the rise. European stock markets are signaling higher according to Bloomberg, after 2 down days.

London session ahead will be a busy one in terms of EUR macro data related, with main risk event for the European morning in the form of German ZEW economic sentiment at 09:00 GMT. But earlier will come French prelim 2Q GDP and CPI m/m at 05:30 GMT, followed by German prelim 2Q GDP at 06:00 GMT, French jobs data 45 minutes later, EUR flash GDP at same time than ZEW, and EU industrial production.

Following US session will bring more key figures like US PPI and retail sales at 12:30 GMT which usually move markets. In the GBP front the UK will publish its CPI numbers on yearly basis at 08:30 GMT, which could bring volatility to EUR/GBP cross. In the EZ sovereign debt auctions arena Greece will try to sell up to € 3.125 B worth in 13 week bills.

Shortest term resistance to the upside for EUR/USD shows at recent session highs 1.2349, followed by yesterday's highs at 1.2373, and Thursday's highs at 1.2385. For the downside, immediate support comes at recent session/NY/Wednesday's lows at 1.2325, followed 10 pips lower at Friday's highs, and Thursday's lows at 1.2270.

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