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Forex pairs in this Article » EUR/USD (Edinburgh) -The EUR/USD has regained the 1.3600 handle on Thursday after core euro zone PMI prints were in general better than forecasts.

EUR/USD propped up by data

The pair saw a marginal improvement after the services PMI results in the euro area, France and Italy surprised investors in September while the German reading missed the median, it did better the previous month. Next on tap in the 17-nation bloc will be EMU’s retail sales, with consensus expecting a monthly gain of 0.2% in August. “Given the current circumstances, the pair may continue to contemplate the 1.3600 ceiling while the key 1.3450 support area remains in force”, suggested Emmanuel Ng, Analyst at OCBC Bank.

EUR/USD key levels

The pair is now advancing 0.13% at 1.3596 with the next resistance at 1.3660 (high Feb.4) followed by 1.3711 (2013 high Feb.1) and finally 1.3800 (psychological level). On the downside, a break below 1.3505 (low Oct.2) would aim for 1.3500 (psychological level) and then 1.3467 (low Sep.30).
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