FXstreet.com (Barcelona) - The risk appetite is extending its momentum on Thursday, after the flash manufacturing HSBC PMI index in China rose to 50.4, returning to expansionary levels. The single currency is following suit, trading in the positive ground around 1.2845, after hitting fresh highs above 1.2860

Next on tap will be a batch of PMI print for euro zone members and the bloc composite, followed by a 10yr auction of Spanish obligaciones.

EUR/USD is now advancing 0.12% at 1.2846 with the next hurdle at 1.2876 (high Nov.7) ahead of 1.2950 (high Nov.2) and 1.2983 (high Nov.1).
On the downside, a breach of 1.2730 (low Nov.19) would expose 1.2691 (low Nov.16) and 1.2662 (low Nov.13).