Data-wise, French current account deficit has widened to €4.0 billion during August from €2.6 billion deficit in July. Next on tap will be Italian CPI ahead of EMU industrial production.
As of writing, the cross is up 0.29% at 1.2966 with the next resistance at 1.2991 (high Oct.9) ahead of 1.3035 (high Oct.8) and then 1.3072 (high Oct.5).
On the flip side, a violation of 1.2880 (prior intraday res) would bring 1.2827 (hourly low oct.11) and 1.2822 (MA200d).
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