EUR/USD is trading above 1.22. The preliminary PMI prints later today (from 07:15 GMT) will set the tone for the EUR-USD’s next leg, Terence Wu, FX Strategist at OCBC Bank reports. Preliminary PMIs for May are projected to continue their gradual advance, especially in the services sector. EUR/USD probable scenarios “A firm print, coupled with the reopening optimism across Europe could see the pair breach the 19 May high, and leaving the Jan high of 1.2349 the next multisession target.” On the flipside, any disappointment could see first support at 1.2150.” “Note that the divergence between spot and the short term implied valuations is creeping higher.” 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/SEK to move gradually higher throughout the rest of the year – Danske Bank FX Street 2 years EUR/USD is trading above 1.22. The preliminary PMI prints later today (from 07:15 GMT) will set the tone for the EUR-USD's next leg, Terence Wu, FX Strategist at OCBC Bank reports. Preliminary PMIs for May are projected to continue their gradual advance, especially in the services sector. EUR/USD probable scenarios "A firm print, coupled with the reopening optimism across Europe could see the pair breach the 19 May high, and leaving the Jan high of 1.2349 the next multisession target." On the flipside, any disappointment could see first support at 1.2150." "Note that the divergence between spot and the… 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.
