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Forex: EUR/USD back to 1.3065/70 after mixed euro zone data

The shared currency is trading back to the region of 1.3065/70 on Friday, after the manufacturing sectors in France, Germany and the euro bloc as a whole posted improvements in February, although still well below the 50 threshold. In the opposite direction, Italian unemployment rose to 11.7% in January, missing estimates at 11.3% and higher than December’s 11.2%.

As of writing, the pair is advancing 0.07% at 1.3067 with the next resistance at 1.3100 (psychological level) followed by 1.3163 (high Feb.28) and then psychological level at 1.3200
On the flip side, a breakdown of 1.3053 (low Feb.28) would aim for 1.3041 (low Feb.27) and finally 1.3018 (low Feb.26).

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