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Forex: EUR/USD stabilizes around 1.3180

The single currency has rapidly left behind the key support at 1.3200 on Thursday, as the sedative effects of yesterday’s FOMC minutes are still weighting on the cross. The worrisome PMI prints from the euro bloc members are also depressing the sentiment and helping in the downside.

In the data space, US Consumer Prices, the weekly report on the labor market and the manufacturing PMI would be in the limelight in the European afternoon.

At the moment, the cross is down 0.74% at 1.3184 with the next support at 1.3039 (low Jan.10) followed by 1.3018 (low Jan.7) and then 1.2998 (low Jan.4).
On the other hand, a break above 1.3367 (MA10d) would bring 1.3440 (MA21d) and finally 1.3456 (high Feb.14).

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