Forex: EUR/USD continues its correction, around 1.3020/25
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EUR/USD
FXstreet.com (Barcelona) - The single currency is retracing some ground after climbing as high as 1.3048 on better-than-expected HSBC manufacturing PMI print in China, improving a hair to 50.5 during November from 50.4
Ahead in the day, PMI measures for the bloc members and the euro zone as a whole will dominate the headlines, against the backdrop of the EcoFin meeting debating further details regarding Greece.
The cross is now advancing 0.33% at 1.3025 with the next resistance at 1.3075 (high Oct.23) ahead of 1.3084 (high Oct.22) and then 1.3129 (high Oct.18).
On the flip side, a breach of 1.2968 (low Nov.30) would bring 1.2939 (low Nov.29) and 1.2917 (MA10d).
Ahead in the day, PMI measures for the bloc members and the euro zone as a whole will dominate the headlines, against the backdrop of the EcoFin meeting debating further details regarding Greece.
The cross is now advancing 0.33% at 1.3025 with the next resistance at 1.3075 (high Oct.23) ahead of 1.3084 (high Oct.22) and then 1.3129 (high Oct.18).
On the flip side, a breach of 1.2968 (low Nov.30) would bring 1.2939 (low Nov.29) and 1.2917 (MA10d).
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