FXstreet.com (San Francisco) - The Euro is recovering some ground against the US Dollar after falling from 1.2310 to test the 1.2280 region after ADP reported better than expected data. But following the US PMI July data, the EUR/USD has risen back above 1.2300 and currently the pair is pricing at 1.2315.
EUR/USD is currently rising 0.09% so far today from opening price action. In terms of technical levels, next supports are seen at 1.2280, 1.2250 and 1.2225, while on the other hand resistances could be found at the 1.2330/40 area, followed by 1.2390 and 1.2410. Investors await the Federal Reserve policy announcement due at 18:15GMT.
The US Markit Manufacturing PMI has fallen to 51.4 in Jul from 52.5 in June. Still in expansion field but a unexpected decline against improvement to 52 pts waited for market.
EUR/USD is currently rising 0.09% so far today from opening price action. In terms of technical levels, next supports are seen at 1.2280, 1.2250 and 1.2225, while on the other hand resistances could be found at the 1.2330/40 area, followed by 1.2390 and 1.2410. Investors await the Federal Reserve policy announcement due at 18:15GMT.
The US Markit Manufacturing PMI has fallen to 51.4 in Jul from 52.5 in June. Still in expansion field but a unexpected decline against improvement to 52 pts waited for market.
