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Jun 23 - 03:55 AM

EUR/USD - Eurozone PMIs Are Set To Spur On This EUR/USD Rally

By Jeremy Boulton  —  Jun 23 - 02:35 AM
  • Today's 1.1230-81 (EBS) range above steeply rising 21-DMA @ 1.1221

  • Today's peak beat 200-HMA @ 1.1261. 38.2% drop from 1.1422 was 1.1265

  • 50/61.8% fibos 1.1295 and 1.1325. 76.4% @ 1.1362. Over may cue a 1.15 test

  • Fibo targets 1.1433, 1.1515 and 1.1597 off Apr-Jun extremes

  • Much stronger PMIs are expected. If confirmed should support greater rise

  • French PMI @ 7.15GMT. Composite eyed 46.3 from 32.1

  • German composite PMI @8.30GMT f/c 44.2 from 32.3. EZ @ 8GMT 42.4 from 31.9



EUR/USD Click here

EUR/USD targets Click here

Source:
Refinitiv IFR Research/Market Commentary

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