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Aug 22 - 05:00 AM
EUR/USD - Coming Data Looks Set To Trigger EUR/USD Test Of Key 1.1000 Support
First appeared on eFXplus on Aug 22 - 02:40 AM
  • German PMI at 7.30GMT f/c 43.0 (recession territory) from 43.2 in July
  • French PMI @ 7.15GMT f/c a more healthy 49.5 from 49.7 (contracting sector)
  • EZ manufacturing @ 8GMT f/c 46.2. Services f/c 53.0 Composite 51.2
  • Fed divided wanted to avoid appearing on path for more cuts
  • EUR/USD eases to 1.1080 and then 1.1076 today. Aug 16/20 lows 1.1065/66
  • Below cues test 2019 low 1.1027 and then depth support ahead 1.1000 options
  • U.S. PMI at 13.45GMT f/c 50.5. If you're trading data, you're short EUR/USD

EUR/USD weekly Click here

Source:
Refinitiv IFR Research/Market Commentary

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