Get started
OctaFX_Official

EURUSD PMI data key

Euro / U.S. Dollar (FX:EURUSD)  
OctaFX_Official  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD euro dollar octafx support Support and Resistance
3
0
trendanalysis chartpattern indicator eurusd euro dollar octafx support supportandresistance
The euro currency is trader slightly lower against the US dollar in early Thursday trade, following a fairly uneventful FOMC Meeting Minutes. The release of EU PMI Manufacturing data is the main market mover for EURUSD pair, with bearish German data likely to force a test of the 1.1050 level. A better than expected German PMI number could prompt another test of the 1.1110 level.

If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1146 levels.
If the EURUSD pair trades below the 1.1070 level, sellers may test towards the 1.1050 and 1.1020 levels.

Related Ideas

OctaFX_Official
EURUSD new low
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.