5 Aug 2015
EUR/USD revisits lows after ISM data
FXStreet (Córdoba) - EUR/USD came under pressure and fell to retest daily lows as the dollar pick up momentum following stronger-than-expected ISM services and composite PMIs.
EUR/USD pulled back from a high of 1.0932 scored on the back of disappointing ADP employment data but gains were offset by solid ISM figures. EUR/USD fell to 1.0849 but managed to hold barely above previous daily lows. At time of writing, the pair is trading at 1.0865, 0.13% below its opening price.
EUR/USD technical levels
As for technical levels, next supports are seen at 1.0847 (Aug 5 low), 1.0808 (Jul 20 low) and 1.0800 (psychological level). On the flip side, resistances could be found at 1.0932 (Aug 5 high), 1.0987 (Aug 4 high) and then 1.1025 (100-day SMA).
EUR/USD pulled back from a high of 1.0932 scored on the back of disappointing ADP employment data but gains were offset by solid ISM figures. EUR/USD fell to 1.0849 but managed to hold barely above previous daily lows. At time of writing, the pair is trading at 1.0865, 0.13% below its opening price.
EUR/USD technical levels
As for technical levels, next supports are seen at 1.0847 (Aug 5 low), 1.0808 (Jul 20 low) and 1.0800 (psychological level). On the flip side, resistances could be found at 1.0932 (Aug 5 high), 1.0987 (Aug 4 high) and then 1.1025 (100-day SMA).