Spot reclaims the 1.1700 barrier following mixed PMIs. The greenback eases from tops and returns to 94.70. US flash Manufacturing/Services PMIs next on tap. EUR/USD is now trading on a better mood around 1.1700 the figure in the wake of mixed readings from advanced PMIs in the euro bloc for the month of July. EUR/USD trims losses on PMIs Following a test of the mid-1.1600s earlier in the session, the pair managed to reclaim the 1.1700 hurdle and above following the publication of mixed flash PMIs in the core euro bloc. In fact, French, German and EMU’s manufacturing PMIs are expected to come in on the strong side this month, while preliminary readings from the Services sector are seen below initial estimates. In the meantime, the pair remains sidelined amidst an erratic performance in the buck, as market participants keep looking to trade (US-China) and geopolitics (US-Iran) today as main drivers of the price action. Later in the NA session, Markit will publish its flash gauges of the manufacturing/services PMIs. EUR/USD levels to watch At the moment, the pair is losing 0.04% at 1.1687 and a breakdown of 1.1575 (low Jul.19) would open the door to 1.1527 (low Jun.28) and then 1.1508 (2018 low May 30). On the flip side, the next hurdle at 1.1749 (high Jul.23) followed by 1.1792 (high Jul.9) and finally 1.1853 (high Jun.14). 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 EUR/USD will have to make a decision sooner rather than later Yohay Elam 5 years Spot reclaims the 1.1700 barrier following mixed PMIs. The greenback eases from tops and returns to 94.70. US flash Manufacturing/Services PMIs next on tap. EUR/USD is now trading on a better mood around 1.1700 the figure in the wake of mixed readings from advanced PMIs in the euro bloc for the month of July. EUR/USD trims losses on PMIs Following a test of the mid-1.1600s earlier in the session, the pair managed to reclaim the 1.1700 hurdle and above following the publication of mixed flash PMIs in the core euro bloc. In fact, French, German and EMU's manufacturing PMIs are… 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.
