2 Dec 2013
EUR/USD steady after US Markit PMI
FXstreet.com (Córdoba) - The EUR/USD remained steady near daily lows even after data showed US manufacturing PMI rose in November.
The US Markit manufacturing PMI rose to 54.7 from 51.8 the previous month, but the USD failed to benefit from data as investors await the ISM publication. At time of writing, the EUR/USD is trading at the 1.3540, roughly the same level it was pre data, recording a 0.3% loss on the day, having bottomed out at 1.3525.
EUR/USD technical levels
In terms of technical levels, next supports for EUR/USD are seen at 1.3515 (Nov 26 low) and 1.3500 (psychological level) ahead of 1.3490 (Nov 25 low). On the upside, resistances could be found at 1.3615 (daily high) and 1.3621 (Nov 29 high) and 1.3645 (Oct 3 high).
The US Markit manufacturing PMI rose to 54.7 from 51.8 the previous month, but the USD failed to benefit from data as investors await the ISM publication. At time of writing, the EUR/USD is trading at the 1.3540, roughly the same level it was pre data, recording a 0.3% loss on the day, having bottomed out at 1.3525.
EUR/USD technical levels
In terms of technical levels, next supports for EUR/USD are seen at 1.3515 (Nov 26 low) and 1.3500 (psychological level) ahead of 1.3490 (Nov 25 low). On the upside, resistances could be found at 1.3615 (daily high) and 1.3621 (Nov 29 high) and 1.3645 (Oct 3 high).