Euro gets nasty jolt from surprisingly poor French PMI data

Well that French PMI data was a nasty shock. Market was looking for improvement and it got the exact opposite. Nasty numbers.

EUR/USD back below 1.3300 to session low 1.3286, presently 1.3295.

Although nasty, is this data alone enough to break us out of well-defined 1.3250-1.3400 range? My best guess would be NO.

German PMI data up at 08:30 GMT and should be interesting.

Forecasts: German manufacturing PMI for January expected 46.8 from previous 46.0, services PMI expected unchanged 52.0.