The pair clinches highs above 1.1600 the figure. Softer greenback allows the squeeze higher in spot. US Philly Fed disappointed expectations in June. The now selling bias around the greenback is lifting EUR/USD to fresh peaks above the 1.1600 handle following disappointing US data releases. EUR/USD regains 1.1600 and above The pair managed to quickly leave behind the area around 1.1500 the figure and regain more than a cent after the US Philly Fed manufacturing index dropped to 19.9 for the month of June, the weakest level since November 2016 and the biggest drop since February 2014. Further US data saw Initial Claims rising at a weekly 218K, bettering initial consensus and taking the 4-Week Average to 221.00K from 225.00K. The pair turned positive in the wake of poor US data, while the US Dollar Index (DXY) dropped to sub-95.00 levels after clinching fresh YTD peaks above 95.50 during early trade. EUR/USD levels to watch At the moment, the pair is gaining 0.14% at 1.1590 facing the next resistance at 1.1646 (high Jun.19) seconded by 1.1661 (10-day sma) and finally 1.1674 (21-day sma). On the downside, a breakdown of 1.1509 (low Jun.21) would target 1.1508 (2018 low May 29) en route to 1.1479 (low Jul.20 2017). 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 Technical Analysis: Euro bulls strike back and challenge the 1.1600 level FX Street 3 years The pair clinches highs above 1.1600 the figure. Softer greenback allows the squeeze higher in spot. US Philly Fed disappointed expectations in June. The now selling bias around the greenback is lifting EUR/USD to fresh peaks above the 1.1600 handle following disappointing US data releases. EUR/USD regains 1.1600 and above The pair managed to quickly leave behind the area around 1.1500 the figure and regain more than a cent after the US Philly Fed manufacturing index dropped to 19.9 for the month of June, the weakest level since November 2016 and the biggest drop since February 2014. Further US data… Top 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.
