EUR/USD remains below 1.06 in Asia

The EUR/USD pair remains below 1.06 in Asia after having closed below the said psychological level on Wednesday amid oil driven risk-on in the markets.

Eyes Manufacturing PMI numbers

Manufacturing PMI for the month of November is due for release across the Eurozone and in the US.

Though oil remains at the centre stage, the traders would also keep an eye on the US ISM PMI manufacturing employment sub index.

Comments from Fed’s Mester and the weekly US initial jobless claims are on the watch list as well.

EUR/USD Technical Levels

The spot was last seen trading around 1.0590. A break below the Asian session low of 1.085 would expose previous session’s low of 1.0552, under which the support at 1.0518 (Nov 24 low) could be put to test. On the other hand, a break above 1.06 (zero figure) would expose 1.0658 (Nov 22 high). A violation there could yield a test of supply around 1.07 (zero figure) handle.