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Forex: EUR/USD regains 1.3100 after US data

FXstreet.com (Barcelona) - Poor manufacturing data from the NY Empire State index lifted the single currency to the vicinity of 1.3110 on Monday, as risk appetite is now picking up pace. The manufacturing index dropped to 3.05 for the month of April, missing forecasts at 7.0 and lower than the previous reading at 9.24.

Next on tap in the US docket will be the Net long-term TIC flows, expected to rise to $42.3 billion during February to $25.7 previous.

At the moment, the cross is down 0.10% at 1.3103 with the next support at 1.3036 (low Apr.12) followed by 1.3006 (low Apr.9) and then 1.3003 (MA10d).
On the upside, a break above 1.3133 (MA55d) would open the door to 1.3138 (high Apr.11) and finally 1.3151 (MA100d).

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