FXstreet.com (Barcelona) - The euro is stubbornly clinching to the vicinity of 1.2900, its comfort zone since Monday, ahead of a batch of services PMI prints in the euro zone members due later.
The single currency is trading in red figures, after Chinese Non-manufacturing PMI came lower in August, at 53.7 vs. 56.3 previous.
Retail Sales completes the docket for the euro area. In the US, ADP Employment Change and the ISM Non-Manufacturing PMI are also expected.
At the moment, the cross is down 0.17% at 1.2897 with the next support at 1.2915 (MA200h) followed by 1.2822 (MA200d) then 1.2804 (low Oct.1) and 1.2784 (MA30d).
On the upside, a breakout of 1.2968 (high Oct.2) would expose 1.3059 (high Sep.20) then 1.3120 (high Sep.18) and 1.3173 (high Sep.17).
The single currency is trading in red figures, after Chinese Non-manufacturing PMI came lower in August, at 53.7 vs. 56.3 previous.
Retail Sales completes the docket for the euro area. In the US, ADP Employment Change and the ISM Non-Manufacturing PMI are also expected.
At the moment, the cross is down 0.17% at 1.2897 with the next support at 1.2915 (MA200h) followed by 1.2822 (MA200d) then 1.2804 (low Oct.1) and 1.2784 (MA30d).
On the upside, a breakout of 1.2968 (high Oct.2) would expose 1.3059 (high Sep.20) then 1.3120 (high Sep.18) and 1.3173 (high Sep.17).
