Filed Under:
Forex pairs in this Article » EUR/USD (Barcelona) - The shared currency has little changed after the Spanish manufacturing PMI has printed 44.6 during December, below expectations at 45.1 and November's 45.3
The risk rally remains intact on Wednesday, following the news coming early morning regarding the so-called 'fiscal cliff'.

Next on tap will be the euro zone manufacturing PMI, with surveys expecting the headline to improve a hair to 46.3 in December from 46.2

At the moment, the cross is 0.54% at 1.3276 facing the next resistance at 1.3308 (high Dec.9) followed by 1.3347 (Upper Bollinger) and finally 1.3368 (high Apr.3).
On the flip side, a breach of 1.3212 (MA10d) would expose 1.3190 (hourly low Jan.2) and 1.3167 (low Dec.28).
comments powered by Disqus