Forex: EUR/USD clings to 1.3100 as risk intensifies
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The bloc currency is orbiting around the key mark at 1.3100 on Friday, as risk appetite is posed to prevail among market participants after the flash HSBC manufacturing PMI in China has improved to 50.9 in December vs. 50.5 anterior.
Ahead in the day, the euro zone docket includes flash PMI prints in France, Germany and the euro bloc, ahead of the inflation figures in the EMU.
The cross is now advancing 0.26% at 1.3112 with the next resistance at 1.3127 (high Dec.5) ahead of 1.3129 (high Oct.18) and then 1.3140 (high Oct.17).
On the flip side, a breach of 1.3040 (low Dec.13) would expose 1.3018 (MA10d) and 1.2996 (low Dec.12).
Ahead in the day, the euro zone docket includes flash PMI prints in France, Germany and the euro bloc, ahead of the inflation figures in the EMU.
The cross is now advancing 0.26% at 1.3112 with the next resistance at 1.3127 (high Dec.5) ahead of 1.3129 (high Oct.18) and then 1.3140 (high Oct.17).
On the flip side, a breach of 1.3040 (low Dec.13) would expose 1.3018 (MA10d) and 1.2996 (low Dec.12).
Free Annual Reports
