FXstreet.com (Barcelona) - Held by 1.2080 area, the EUR/USD is now recovering ground back to 1.2100 ahead of the NY opening. The US manufacturing PMI weakened in July, from 52.5 to 51.8, which might helped the current upside in the chart.
Fed’s Bernanke is speaking and housing data is ahead at 14:00 GMT.
The pair, however, is still edging lower on the day, and will continue while below 1.2116. “EUR/USD broke below 1.2163, giving room for downside potential and targeting the 1.2000 level”, wrote MIG Bank analyst Bijoy Kar.
Fed’s Bernanke is speaking and housing data is ahead at 14:00 GMT.
The pair, however, is still edging lower on the day, and will continue while below 1.2116. “EUR/USD broke below 1.2163, giving room for downside potential and targeting the 1.2000 level”, wrote MIG Bank analyst Bijoy Kar.
