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1 Sep 2015
EUR/USD firmer near 1.1330
FXStreet (Edinburgh) - The common currency keeps appreciating vs. the greenback on Tuesday, now sending EUR/USD to print daily peaks near 1.1330.
EUR/USD supported by PMIs, risk-off
The resurgence of the risk-off trade has been supporting the bid tone around the single currency during the first half of the week. In addition, mixed results from the final manufacturing PMIs in Euroland plus positive figures from the German labour market has been collaborating with today’s upside beyond 1.1300 the figure.
Next of relevance for the pair will be EMU’s unemployment rate figures, while Markit’s manufacturing PMI and the ISM Manufacturing will add volatility on the USD-side later on.
EUR/USD key levels
At the moment the pair is advancing 0.89% at 1.1310 and a breakout of 1.1333 (high Sep.1) would target 1.1364 (high Aug.27) en route to 1.1388 (high Aug.21). On the flip side, the immediate support lines up at 1.1207 (low Sep.1) followed by 1.1170 (low Aug.31) and finally 1.1156 (low Aug.28).
EUR/USD supported by PMIs, risk-off
The resurgence of the risk-off trade has been supporting the bid tone around the single currency during the first half of the week. In addition, mixed results from the final manufacturing PMIs in Euroland plus positive figures from the German labour market has been collaborating with today’s upside beyond 1.1300 the figure.
Next of relevance for the pair will be EMU’s unemployment rate figures, while Markit’s manufacturing PMI and the ISM Manufacturing will add volatility on the USD-side later on.
EUR/USD key levels
At the moment the pair is advancing 0.89% at 1.1310 and a breakout of 1.1333 (high Sep.1) would target 1.1364 (high Aug.27) en route to 1.1388 (high Aug.21). On the flip side, the immediate support lines up at 1.1207 (low Sep.1) followed by 1.1170 (low Aug.31) and finally 1.1156 (low Aug.28).