EUR/USD retakes session highs on US ISM

The buying interest stays unchanged around EUR/USD, currently flirting with the area of daily tops around 1.0920.

EUR/USD bid after downbeat ISM

Spot manages to keep the region of session peaks after US ISM Manufacturing missed consensus for the month of April, coming down to  54.2 from 57.2 and 56.5 initially estimated.

The data added to the already prevailing offered bias surrounding the buck after inflation figures tracked by the PCE, Personal Income and Personal Spending have all came in below consensus during last month.

The pair is thus reverting the initial negative start, looking to extend gains for the fourth consecutive week and trading at shouting distance from last week’s YTD tops around 1.0950.

EUR/USD levels to watch

At the moment, the pair is up 0.19% at 1.0917 and a break above 1.0949 (high Apr.28) would target 1.0951 (2017 high Apr.25/26) en route to 1.1000 (psychological handle). On the flip side, the immediate support aligns at 1.0850 (low Apr.27) seconded by 1.0836 (200-day sma) and finally 1.0805 (23.6% Fibo of the April rally).