EURUSD Poised to Test 50-Day SMA as Bullish Trend Remains Intact

The final Euro-zone PMI manufacturing report jumped to 57.1 in December amid expectations of 56.8 to mark the highest level since April 2010. Indeed, the euro lost ground during the overnight trade as trades return to their desks; however, the selloff was short-lived as the euro reversed course at the overnight low of 1.3249.