The EUR/USD pair has accelerated its advance fueled by strong EU Markit PMIs, posting +0.62% gains to 1.1330, and could see strength extended above the 1.1350 level, FXStreet’s Chief Analyst Valeria Bednarik informs. Key quotes “EU Manufacturing PMI came in at 46.9 sharply up from the previous 39.4 and above the expected 44.5. The Services PMI printed at 47.3 against 30.5 in May. German data were also better-than-anticipated, while French figures surprised by jumping to expansion territory.” “In the 4-hour chart, the EUR/USD pair has recovered above all of its moving averages, although the 20 SMA remains below the 100 SMA. Technical indicators, in the meantime, head firmly north, approaching overbought levels, with no signs of giving up. Further gains are to be expected on a break above 1.1350, the high from the last week.” “Markit will publish the preliminary estimate of the June US Manufacturing PMI, foreseen at 48 from 39.8 previously, and the Services PMI for the same month, expected at 46.5 from 37.5 in May. The country will also publish May New Home Sales and the June Richmond Fed Manufacturing Index.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY slumps to 7-week lows below 106.50 on broad USD weakness FX Street 2 years The EUR/USD pair has accelerated its advance fueled by strong EU Markit PMIs, posting +0.62% gains to 1.1330, and could see strength extended above the 1.1350 level, FXStreet’s Chief Analyst Valeria Bednarik informs. Key quotes “EU Manufacturing PMI came in at 46.9 sharply up from the previous 39.4 and above the expected 44.5. The Services PMI printed at 47.3 against 30.5 in May. German data were also better-than-anticipated, while French figures surprised by jumping to expansion territory.” “In the 4-hour chart, the EUR/USD pair has recovered above all of its moving averages, although the 20 SMA remains below the 100… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.