1 Jul 2013
EUR/USD steady after US Markit PMI
FXstreet.com (Córdoba) - The EUR/USD remains pretty steady around 1.3030/40 after data showed the US Markit manufacturing PMI came in stronger-than-expected in June.
EUR/USD weighed by IMF/Greece headlines
After reaching a high of 1.3060 in the wake of solid eurozone PMI's, the EUR/USD lost momentum amid headlines that IMF will halt next trance if Greek finance gap not covered by end of July. EUR/USD retreated to the 1.3025 zone before finding support at the 20-hour SMA.
At time of writing, EUR/USD is trading around 1.3030, where it prints a 0.2% gain on Monday. Investors will now be watching the ISM manufacturing PMI coming up next, which could trigger a stronger reaction.
EUR/USD technical levels
As for technical levels, next resistances are seen at 1.3065 (100-day SMA) and 1.3100 (psychological level), while immediate supports could be found at 1.3025 (20-hour SMA) and 1.3000 (intraday low/psychological level).
EUR/USD weighed by IMF/Greece headlines
After reaching a high of 1.3060 in the wake of solid eurozone PMI's, the EUR/USD lost momentum amid headlines that IMF will halt next trance if Greek finance gap not covered by end of July. EUR/USD retreated to the 1.3025 zone before finding support at the 20-hour SMA.
At time of writing, EUR/USD is trading around 1.3030, where it prints a 0.2% gain on Monday. Investors will now be watching the ISM manufacturing PMI coming up next, which could trigger a stronger reaction.
EUR/USD technical levels
As for technical levels, next resistances are seen at 1.3065 (100-day SMA) and 1.3100 (psychological level), while immediate supports could be found at 1.3025 (20-hour SMA) and 1.3000 (intraday low/psychological level).