24 Jul 2015
EUR/USD turns negative on PMI
FXStreet (Edinburgh) - The single currency has deflated from daily tops vs. the greenback, taking EUR/USD to the 1.0980/75 band.
EUR/USD shed some pips on French PMI
The pair left the upper bound of the intraday range after the preliminary French manufacturing and services PMI came in on the softer side for the current month, posting 49.6 and 52.0 vs. 50.7 and 53.8 expected, respectively.
Next of relevance will be the German and EMU prints, followed by Markit’s manufacturing PMI and New Home Sales in the US economy.
EUR/USD levels to watch
At the moment the pair is losing 0.07% at 1.0975 and a breakdown of 1.0892 (low Jul.22) would aim for 1.0812 (low Jul.21) and then 1.0789 (low Apr.25). On the flip side, the initial up barrier lines up at 1.1019 (high Jul.23) ahead of 1.1036 (high Jul.15) and finally 1.1086 (high Jul.14).
EUR/USD shed some pips on French PMI
The pair left the upper bound of the intraday range after the preliminary French manufacturing and services PMI came in on the softer side for the current month, posting 49.6 and 52.0 vs. 50.7 and 53.8 expected, respectively.
Next of relevance will be the German and EMU prints, followed by Markit’s manufacturing PMI and New Home Sales in the US economy.
EUR/USD levels to watch
At the moment the pair is losing 0.07% at 1.0975 and a breakdown of 1.0892 (low Jul.22) would aim for 1.0812 (low Jul.21) and then 1.0789 (low Apr.25). On the flip side, the initial up barrier lines up at 1.1019 (high Jul.23) ahead of 1.1036 (high Jul.15) and finally 1.1086 (high Jul.14).