EUR/USD sits at 1.3035 in relatively steady trade. The euro is being underpinned by decent data releases.
Euro-zone PMI numbers for April (flash) came in better than expected; manufacturing 36.7 vs median forecast of 34.7; services 43.1 vs median forecast of 41.4; composite 40.5 compared to median forecast of 38.9.
Euro zone current account deficit for February came in at -8.1 bln euros, better than median forecast of a -10.7 bln short-fall. Euro zone combined net direct/portfolio investment showed an inflow of 48.0 bln euros in February, reversing the outflow of -23.3 bln seen in January.
Technical resitance 1.3050. Buy-stops said to lie just above this level.