EUR/USD around 1.1150 ahead of PMIs, ISM

The single currency is losing smalls following the Asian session on Thursday, with EUR/USD meandering the mid-1.1100s ahead of data in the Old Continent.

EUR/USD attention to PMIs, US ISM

The pair is retracing part of yesterday’s moderate advance, although it remains well within the recent range and against the backdrop of a persistent bid undertone around the greenbackl.

Later in the session, final manufacturing PMIs for the month of August are due in Euroland ahead of the speech by ECB’s E.Nowotny. Across the pond, the usual weekly report on the US labour market, Markit’s manufacturing PMI and the more relevant ISM Manufacturing will all keep the attention on the buck.

EUR/USD levels to watch

The pair is now losing 0.04% at 1.1152 and a break below 1.1128 (low Aug.30) would target 1.1121 (200-day sma) en route to 1.1043 (low Aug.5). On the flip side, the next hurdle lines up at 1.1224 (2014-2016 resistance line) followed by 1.1367 (high Aug.18) and finally 1.1434 (high Jun.24).