1 Jul 2015
EUR/USD extends the drop on US PMI
FXStreet (Edinburgh) - The European currency gets deeper into the negative ground on Wednesday, now relegating EUR/USD to the boundaries of 1.1070.
EUR/USD eyes on ISM
The pair is prolonging the downside momentum today, following the better than expected releases from the US ADP report (237K in June) and Markit’s manufacturing PMI during last month, coming in at 53.6 vs. 53.4 forecasted.
Nothing new on the Greek front after German officials poured cold water on the Tsipras-induced optimism early morning.
EUR/USD levels to consider
The pair is now retreating 0.59% at 1.1073 and a breach of 1.1049 (low Jun.5) would open the door to 1.1000 (psychological level) and then 1.0955 (low Jun.29). On the flip side, the initial up barrier aligns at 1.1234 (high Jun.24) followed by 1.1244 (high Jun.30) and finally 1.1278 (high Jun.29).
EUR/USD eyes on ISM
The pair is prolonging the downside momentum today, following the better than expected releases from the US ADP report (237K in June) and Markit’s manufacturing PMI during last month, coming in at 53.6 vs. 53.4 forecasted.
Nothing new on the Greek front after German officials poured cold water on the Tsipras-induced optimism early morning.
EUR/USD levels to consider
The pair is now retreating 0.59% at 1.1073 and a breach of 1.1049 (low Jun.5) would open the door to 1.1000 (psychological level) and then 1.0955 (low Jun.29). On the flip side, the initial up barrier aligns at 1.1234 (high Jun.24) followed by 1.1244 (high Jun.30) and finally 1.1278 (high Jun.29).