27 Apr 2015
EUR/USD in red near 1.0850
FXStreet (Edinburgh) - The offered tone remains unchanged around the European currency on Monday, now taking EUR/USD to the mid-1.0800s post –US data.
EUR/USD muted on US PMI
The pair practically paid no attention to the softer print from the Services PMI trackd by Markit in the US economy, missing expectations at 57.8 for the current month vs. forecasts at 59.5 and February’s 59.2. Next of note in the US calendar will be the Manufacturing Business Index gauged by the Dallas Fed.
In the meantime, the recent re-shuffle of the Greek negotiating team seems to have brought in some relief to the global markets, although spot barely reacted, staying in red in the 1.0855/50 band so far.
EUR/USD levels to consider
At the moment the pair is retreating 0.19% at 1.0852 with the immediate support at 1.0789 (low Apr.24) followed by 1.0773 (21-d MA) and then 1.0737 (10-d MA). On the upside, a surpass of 1.0901 (high Apr.24) would open the door to 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6).
EUR/USD muted on US PMI
The pair practically paid no attention to the softer print from the Services PMI trackd by Markit in the US economy, missing expectations at 57.8 for the current month vs. forecasts at 59.5 and February’s 59.2. Next of note in the US calendar will be the Manufacturing Business Index gauged by the Dallas Fed.
In the meantime, the recent re-shuffle of the Greek negotiating team seems to have brought in some relief to the global markets, although spot barely reacted, staying in red in the 1.0855/50 band so far.
EUR/USD levels to consider
At the moment the pair is retreating 0.19% at 1.0852 with the immediate support at 1.0789 (low Apr.24) followed by 1.0773 (21-d MA) and then 1.0737 (10-d MA). On the upside, a surpass of 1.0901 (high Apr.24) would open the door to 1.0955 (high Apr.7) and finally 1.1036 (high Apr.6).