The pair run out of steam just ahead of the 1.1700 handle. The greenback keeps the narrow range in the 94.60/50 band. US ISM Manufacturing came in below estimates at 58.1. EUR/USD failed to surpass the 1.1700 handle on a convincing note earlier in the session and it has now returned to the 1.1680/75 band. EUR/USD apathetic on US data Spot remains on the defensive despite key US ISM manufacturing PMI disappointed expectations for the month of July, coming in at 58.1 vs. 59.4 forecasted and down from June’s 60.2. Earlier in the session, the US ADP report came in on the strong footing, showing the private sector created almost 220K contracts during last month. Looking ahead, the pair should stay under pressure in light of the FOMC meeting, where consensus sees the Federal Reserve refraining from acting on rates. EUR/USD levels to watch At the moment, the pair is down 0.15% at 1.1675 facing immediate support at 1.1625 (low Jul.27) followed by 1.1575 (low Jul.19) and then 1.1527 (low Jun.28). On the upside, a breakout of 1.1749 (high Jul.23) would open the door to 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 AUD/USD Review: Bears await a decisive break below 0.74 handle, FOMC in focus FX Street 5 years The pair run out of steam just ahead of the 1.1700 handle. The greenback keeps the narrow range in the 94.60/50 band. US ISM Manufacturing came in below estimates at 58.1. EUR/USD failed to surpass the 1.1700 handle on a convincing note earlier in the session and it has now returned to the 1.1680/75 band. EUR/USD apathetic on US data Spot remains on the defensive despite key US ISM manufacturing PMI disappointed expectations for the month of July, coming in at 58.1 vs. 59.4 forecasted and down from June's 60.2. Earlier in the session, the US ADP report came in… 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.
