FxWirePro: EUR/USD rangebound after gap-up open, await EZ PMI data

EUR/USD extends side-trend into the early European trades after slight gap-up open today.

• Release of the Caixin Chinese PMI report stoked concerns over the ongoing China slowdown and weighed on USD
   
• EUR/USD is currently trading at 1.1027, with the day's high at 1.1042 and lows at 1.1018
   
• Immediate resistance is seen at 1.1072 (Oct 30 high) ahead of 200 DMA at 1.1108, while strong support lies at 1.10 (trendline)
   
• Technicals point higher on the day, Stochs have shown bullish crossover after remaining at oversold levels since Oct 22nd
   
• RSI has also rebounded from 30 levels and is biased higher confirming upside in the pair
   
• Markets now shift their focus towards a flurry of final manufacturing PMIs from the Euro area, the major will also track sentiment across European indices