EUR/USD clings to gains above 1.1100

The shared currency keeps its marginal gains vs. the greenback on Friday, with EUR/USD meandering in the low-1.1100s ahead of the US data.

EUR/USD now looks to US ISM

Spot has managed to leave behind yesterday’s pullback to the 1.1020 area, up near a cent after manufacturing PMIs in Germany and the euro area have surprised to the upside during June.

On another direction, ECB’s E.Nowotny has deemed as premature any assessment of the central bank’s bond buying programme after the recent ‘Brexit’ vote.

Next on tap will be US ISM Manufacturing, expected to have ticked slightly higher to 51.4 during last month. Further events will see the speech by Cleveland Fed’s L.Mester.

EUR/USD levels to watch

The pair is now up 0.05% at 1.1111 facing the next hurdle at 1.1155 (high Jun.30) followed by 1.1235 (20-day sma) en route to 1.1276 (55-day sma). On the flip side, a break below 1.0913 (post-Brexit low Jun.24) would open the door to 1.0820 (low Mar.10) and finally 1.0709 (low Jan.5).

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.