EUR/USD keeps highs post-ISM

The selling pressure around the buck remains unabated so far today, with EUR/USD navigating the area of daily highs in the 1.1030/40 band.

EUR/USD ignores upbeat US ISM

Spot kept the composure after US ISM Manufacturing has surprised markets to the upside today, rising to 51.9 during October vs. 51.7 initially forecasted and September’s 51.5.

Previously, Markit’s Manufacturing PMI has also come in on a firmer note advancing to 53.4 vs. 53.2 from the previous month.

The pair has managed to gather extra traction since early trade after latest US election polls showed the gap between Democrat candidate H.Clinton and Republican candidate D.Trump has been trimmed sharply (45% vs. 44%), prompting USD-sellers to return to the markets.

EUR/USD levels to watch

The pair is now up 0.46% at 1.1030 with the next hurdle at 1.1041 (post-ECB spike Oct.20) followed by 1.1074 (4-month resistance line) and then 1.1147 (55-day sma). On the other hand, a break below 1.0848 (low Oct.25) would open the door to 1.0820 (low Mar.10) and finally 1.0709 (2016 low Jan.5).