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EUR/USD firmer, around 1.0780

FXStreet (Edinburgh) - The single currency is trading on a firmer footing vs. the greenback on Wednesday, pushing EUR/USD to the 1.0780 area so far.

EUR/USD attention to PMIs

The US dollar is surrendering part of the recent advance against the risk-associated universe, allowing the current rebound in spot to the upper-1.07s.

Ahead in the session, the final figures for the Markit’s manufacturing PMIs are due in Euroland, while the ADP report on employment and the ISM Manufacturing will take centre stage across the pond along with speeches by Fed members.

EUR/USD relevant levels

At the moment the pair is advancing 0.41% at 1.0776 with the next up barrier at 1.0833 (Tenkan Sen) would open the door to 1.0860 (100-h MA) and then 1.0900 (high Mar.30). On the downside, a breach of 1.0700 (psychological level) would aim for 1.0688 (61.8% of 1.0457-1.1062) and finally 1.0618 (low Mar.19).

China Manufacturing PMIs edge higher – TradeTheNews

The TradeTheNews Team comments that after a dismal performance in the previous two months, Chinese Manufacturing PMIs edged higher, while average prices of new residential properties across major 100 cities fell 0.15%.
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GBP/USD extends beyond 1.4850, UK data eyed

GBP/USD extended its recovery mode in to the European morning, largely on expectations of upbeat reading of UK PMI due later in the session while the US dollar continues its corrective slide.
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