Little after, the US Philadelphia Fed Manufacturing Survey came in much below the consensus of 2, as it dropped from 5.7 to -10.7 in November due to Hurricane Sandy.
“Regain of significant 1.2800 resistance zone and 200 day MA, is seen as a trigger for extension 1.2880/1.2900”, wrote Windsor Brokers analyst Slobodan Drvenica, pointing to risk of retesting 1.2660/52 (13 Nov fresh low / daily Ichimoku cloud base) in case of a drop below 1.2700.
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