Thin trade and bouts of volatility are thus expected throughout the rest of the week, as Friday’s session will be shorter than usual.
Interesting docket on Thursday in the euro zone, as a batch of November flash PMI prints in the euro zone plus a key 10yr auction of Obligaciones in the Spanish debt market will be released. A measure of consumer confidence in the euro bloc will close the day later.
The cross is now advancing 0.06% at 1.2824 with the next resistance at 1.2834 (high Nov.21) followed by 1.2876 (high Nov.7) and 1.2950 (high Nov.2).
On the downside, a break below 1.2730 (low Nov.19) would aim to 1.2691 (low Nov.16) and 1.2662 (low Nov.13).