Final Eurozone Manufacturing PMI data was revised up slightly to 44.2, from the preliminary November reading of 43.8. German and French data were revised up while Spain reported a stronger-than-expected 46.3 for the month. Italy’s 44.4 result was, however, below forecasts.

EUR/USD continues to consolidate. 

Recent gains in spot look a little overcooked and corrective losses to the 1.09 area risk extending a little further in the short run to perhaps test 1.0825/1.0850. 

Intraday resistance is 1.0920/1.0925.

Support is 1.0880.