Thursday’s calendar in the euro area will not offer anything much different from today’s, at least on the cards. The docket will kick in with the ECB Monthly Report, followed by key 10-year bond auctions in Spain and France. EMU’s Construction Output will close the day ahead of the weekly report on the US labour market and the Philly Fed manufacturing survey.
As of writing, the pair is down 0.10% at 1.3292
Next support levels align at 1.3249 (low Jan.11) en route to 1.3200 (MA21d) and finally 1.3193 (MA10d).
On the opposite side, a surpass of 1.3325 would expose 1.3370 (Upper Bollinger) and then 1.3404 (high Jan.14).