EUR/USD Aug 5 – Euro Starts Off Week Quietly as
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EUR/USD Aug 5 – Euro Starts Off Week Quietly as

After showing some volatility late last week, EUR/USD has started off the week quietly. The pair is trading just below the 1.33 line in European trade on Monday. On Friday, US Non-Farm-Employment Change was a disappointment, falling well short of expectations. The Unemployment Rate edged lower, dropping to 7.4%. Taking a look at Monday’s events, Spanish   Services PMI  came in as expected,  while Italian Services PMI jumped to its best level in over two years.  Today’s sole event out of the US is a market-mover, ISM Non-Manufacturing PMI.

Here is a quick update on the technical situation, indicators, and market sentiment that moves euro/dollar.

EUR/USD Technical

  • Asian session: Euro/dollar  dropped  was steady, touching a low of 1.3263.  The pair consolidated at 1.3276. In the European session, the pair has edged higher and is testing resistance at 1.33.

Current range: 1.3175 to 1.3255.

Further levels in both directions:   EUR USD Daily Forecast Aug5th


  • Below: 1.3255, 1.3175, 1.31, 1.3050, 1.30, 1.2940, 1.2890 and 1.2840, 1.28 and 1.2750.
  • Above:  1.33, 1.3350, 1.34, 1.3480 and 1.3520.
  • 1.3255 is providing weak support. 1.31 is stronger.
  • On the upside, 1.33  is under strong pressure. 1.33 follows.

EUR/USD Fundamentals

  • 7:15  Spanish Services PMI, exp. 48.4, actual 48.5 points.
  • 7:45  Italian Services PMI, exp. 46.6, actual 48.7 points.
  • 8:00  Eurozone Final Services PMI,  exp. 49.6, actual  49.8 points.
  • 8:30  Eurozone Sentix Investor Confidence,  exp.  9.8 points.
  • 9:00  Eurozone Retail Sales,  exp. -0.6%.
  • 14:00 US ISM Non-Manufacturing PMI, exp. 53.2 points.

For more events and lines, see the  Euro to dollar forecast.

EUR/USD Sentiment



Kenny Fisher

Kenny Fisher

Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer.