1 Jul 2013
EUR/USD around 1.3030, PMI eyed
Fxstreet.com (Edinburgh) - The EUR/USD climbed from overnight lows around 1.3010 to the current area in the boundaries of 1.3030 despite the poor performance of the Chinese manufacturing PMI.
EUR/USD vs. PMIs
Chinese NBS manufacturing PMI during June printed 50.1 vs. 50.8 from the previous month while the measure sponsored by HSBC also came in lower at 48.2 vs. 49.2. Ahead in the day, euro zone members will also publish the PMI results s well as the EMU preliminary inflation figures and unemployment rate. Across the pond, the Markit manufacturing PMI and the ISM Manufacturing PMI will be in the limelight.
EUR/USD levels to watch
At the moment the pair is advancing 0.12% at 1.3029 with the next resistance at 1.3076 (high Jun.28) followed by 1.30887 (high Jun.26) and finally 1.3100 (psychological level). On the flip side, a breakdown of 1.3000 (low Jun.27) would expose 1.2991 (cloud top) and finally 1.2985 (low Jun.26).
EUR/USD vs. PMIs
Chinese NBS manufacturing PMI during June printed 50.1 vs. 50.8 from the previous month while the measure sponsored by HSBC also came in lower at 48.2 vs. 49.2. Ahead in the day, euro zone members will also publish the PMI results s well as the EMU preliminary inflation figures and unemployment rate. Across the pond, the Markit manufacturing PMI and the ISM Manufacturing PMI will be in the limelight.
EUR/USD levels to watch
At the moment the pair is advancing 0.12% at 1.3029 with the next resistance at 1.3076 (high Jun.28) followed by 1.30887 (high Jun.26) and finally 1.3100 (psychological level). On the flip side, a breakdown of 1.3000 (low Jun.27) would expose 1.2991 (cloud top) and finally 1.2985 (low Jun.26).