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Jan 22 - 02:55 AM

EUR/USD - PMI Data Today For EUR/USD Traders To Puzzle Over

By Jeremy Boulton  —  Jan 22 - 02:21 AM
  • German PMI 8.30GMT manufacturing f/c 57.5 from 58.3, services 45.3 fm 47.0

  • EZ PMI 9.00GMT manufacturing f/c 54.5 from 55.2 and services 44.5 from 46.4

  • EUR/USD 1.2159-1.2178 EBS in Asia after 1.2136-73 in NA yesterday

  • Pattern of four daily rising lows this week

  • EUR/USD underpinned by rising 55-DMA 1.2080 and daily cloud top 1.2291

  • Highs influenced by mid-point 20-Day Bollinger bands 1.2198

  • Scope for new 2021 highs if pair can close above 1.2200



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Source:
Refinitiv IFR Research/Market Commentary

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