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Forex pairs in this Article » EUR/USD (Edinburgh) - The EUR/USD is inching higher on Tuesday, navigating around the upper end of today’s range near 1.3570 ahead of Services PMI prints tomorrow and the ECB gathering on Thursday.

Karen Jones, Head of FICC Technical Analysis at Commerzbank, said the pair “at last saw signs of rejection from the top of the rising wedge pattern yesterday. This offers resistance at 1.3631 today. We continue to view the pattern as a potential rising wedge pattern and a close below 1.3482 will complete it”.

In addition, Emmanuel Ng, Strategist at OCBC Bank, commented, “Although the EZ and German manufacturing PMIs for November were supported, weak readings out of France and Spain stymied the EUR on Monday. Expect markets to potentially stay top heavy after overnight price action, with the 55-day MA (1.3560) an immediate resistance while 1.3500 and then 1.3450 are expected to present themselves as interim supports”.
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