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20 Jun 2013
EUR/USD attempts to recover after US manufacturing PMI
FXstreet.com (Córdoba) - The EUR/USD moved slightly higher following a below-expectations June Markit manufacturing PMI reading, but lacked momentum to stage a decent recovery.
EUR/USD lacks momentum
EUR/USD stretched to the 1.3225 area on the data, as a soft employment PMI component challenges Fed’s taper intentions, but failed to regain that level and pulled back.
At time of writing, EUR/USD is trading at the 1.3205, where it records a 0.7% daily loss. On the downside, immediate supports are seen at 1.3180 (daily low) and 1.3150 (21-day SMA), while on the upside, resistances could be found at 1.3225 (intraday level) and 1.3300 (daily high).
EUR/USD lacks momentum
EUR/USD stretched to the 1.3225 area on the data, as a soft employment PMI component challenges Fed’s taper intentions, but failed to regain that level and pulled back.
At time of writing, EUR/USD is trading at the 1.3205, where it records a 0.7% daily loss. On the downside, immediate supports are seen at 1.3180 (daily low) and 1.3150 (21-day SMA), while on the upside, resistances could be found at 1.3225 (intraday level) and 1.3300 (daily high).