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Forex: EUR/USD stands at 1.3200 after US manufacturing PMI

After breaching below the 1.3200 on the release of European flash February Markit PMI data, the EUR/USD has been finding difficult to restore price action above that ground. With a daily low printed at 1.3168, its bounce remains limited to little above 1.3200.

The release of US manufacturing PMI by Markit, down from 55.8 to 55.2 in February (flash), below consensus of 55.5, didn't trigger any sort of big move on the chart. The pair remains attracted to 1.3200 and won't budge from that surrounding area. US CB Leading Indicator, Existing Home Sales and Philadelphia Fed manufacturing are next.

Mataf.net analysts point to resistance at 1.3215, 1.3275 and 1.3290. On the downside, supports might be found at 1.3165, 1.3120 and 1.3035.

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