The euro is stable

The single currency is stable against the US dollar based on the maintainance of business activity indicator in the manufacturing sector in Germany.

• According to published data, the index of business activity in the manufacturing sector (PMI) of Germany in November kept its value at 62.5.

Also, the EUR/GBP cross-rate recovery helps to keep the positions of the single currency against the US dollar.

Technical analysis: At the moment, the pair EUR/USD demonstrates a fairly restrained dynamics, after the recovery in the course of trading on Thursday. The main support levels are 1,1870; 1.1825. The resistance levels are  1,1960; 1.2000.

Fig. EUR/USD. The current price is 1.1919.

Alexander Sivtsov