The bloc currency transited the Asian trading hours around the 1.3150 level on Tuesday, almost unchanged from yesterday’s close.
The cross has dipped to the boundaries of 1.3100 on Monday’s sell-off after a batch of poor flash PMI data hit the core euro zone, aggravated by increasing political risks.
Thin docket ahead in the day in Europe, as the consumer confidence index will be released in France. Housing data and the Richmond Fed manufacturing index are also expected in the US.
The cross is advancing a modest 0.02% at 1.3157 as of writing, with the next resistance at 1.3225 (high Apr.20) followed by 1.3240 (high Apr.4) then 1.3300 (hourly low Apr.3) and 1.3368 (high Apr.3).
Support levels, on the contrary, are located at 1.3058 (low Apr.18) ahead of 1.2995 (low Apr.16) then 1.2994 (Lower Bollinger) and 1.2974 (low Feb.16).
The cross has dipped to the boundaries of 1.3100 on Monday’s sell-off after a batch of poor flash PMI data hit the core euro zone, aggravated by increasing political risks.
Thin docket ahead in the day in Europe, as the consumer confidence index will be released in France. Housing data and the Richmond Fed manufacturing index are also expected in the US.
The cross is advancing a modest 0.02% at 1.3157 as of writing, with the next resistance at 1.3225 (high Apr.20) followed by 1.3240 (high Apr.4) then 1.3300 (hourly low Apr.3) and 1.3368 (high Apr.3).
Support levels, on the contrary, are located at 1.3058 (low Apr.18) ahead of 1.2995 (low Apr.16) then 1.2994 (Lower Bollinger) and 1.2974 (low Feb.16).