The Euro Held Steady

The euro held steady against the dollar around 1.2884, within Friday's three-week high of 1.2899. Asian markets rallied, buoyed by signs of an improvement in manufacturing from China and the eurozone. German IFO business climate and core consumer price index in Canada are the major market movers.

EURUSD
Resistance is seen around 1.2935 level. A break and close above that level targets 1.3020, alternative a close below 1.2850 targets 1.2805.