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1 Jun 2015
EUR/USD weaker around 1.0950
FXStreet (Edinburgh) - The single currency has started the week on the back footing vs. the greenback, with EUR/USD now hovering over the mid-1.0900s.
EUR/USD attention to PMIs, Greece
Market participants seem to have already digested the second revision of the US GDP Annualized on Friday (-0.8%), with the US dollar recovering part of the recent pullback. Traders have bypassed Chinese data released in early trade, showing the manufacturing PMI a tad better for the last month.
Ahead in the session, final manufacturing PMIs in Euroland during May are due, followed by preliminary inflation gauges in Germany. Across the pond, PCE, Personal Income/Spending, Markit’s manufacturing PMI and ISM Manufacturing are all due as well.
EUR/USD key levels
At the moment the pair is losing 0.39% at 1.0943 with the next support at 1.0930 (low Jun.1) ahead of 1.0867 (low May 28) and then 1.0819 (low May 27). On the flip side, a break above 1.0911 (high Jun.1) would open the door to 1.007 (high May 29) and finally 1.1062 (low May 20).
EUR/USD attention to PMIs, Greece
Market participants seem to have already digested the second revision of the US GDP Annualized on Friday (-0.8%), with the US dollar recovering part of the recent pullback. Traders have bypassed Chinese data released in early trade, showing the manufacturing PMI a tad better for the last month.
Ahead in the session, final manufacturing PMIs in Euroland during May are due, followed by preliminary inflation gauges in Germany. Across the pond, PCE, Personal Income/Spending, Markit’s manufacturing PMI and ISM Manufacturing are all due as well.
EUR/USD key levels
At the moment the pair is losing 0.39% at 1.0943 with the next support at 1.0930 (low Jun.1) ahead of 1.0867 (low May 28) and then 1.0819 (low May 27). On the flip side, a break above 1.0911 (high Jun.1) would open the door to 1.007 (high May 29) and finally 1.1062 (low May 20).