FXstreet.com (Barcelona) - Nothing seems to alter the euro price action on Thursday, as the cross is trading apathetic in the area around 1.3320/30 after better PMI prints in both the euro area and Germany. Current Account figures in the euro zone were also better than forecasts, as well as Italian retail sales, although still in the negative ground.
No further released are due in the EMU, while across the pond we expect the weekly report on the US labour market as well as the flash result of the manufacturing PMI (53 exp.).
As of writing, the cross is up 0.04% at 1.3325 with the next resistance at 1.3355 (high Jan.23) ahead of 1.3372 (high Jan.22) and then 1.3398 (high Jan.18).
On the downside, a dip below 1.3265 (low Jan.23) would aim for 1.3248 (low Jan.11) and then 1.3235 (MA21d).
No further released are due in the EMU, while across the pond we expect the weekly report on the US labour market as well as the flash result of the manufacturing PMI (53 exp.).
As of writing, the cross is up 0.04% at 1.3325 with the next resistance at 1.3355 (high Jan.23) ahead of 1.3372 (high Jan.22) and then 1.3398 (high Jan.18).
On the downside, a dip below 1.3265 (low Jan.23) would aim for 1.3248 (low Jan.11) and then 1.3235 (MA21d).
