Forex: EUR/USD remains glued to 1.3320/30

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).

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS