Eurusd Directions H4

The euro rises after the eurozone services purchasing managers' index was revised higher for December. The final PMI estimate was revised to 51.6 from a flash reading of 51.4 and is comfortably above November's 49.5. A level above 50 signals expansion in sector activity while a reading below that indicates contraction. The survey also showed services prices continued to rise at a quicker rate in December.