EUR/USD-little movement after US ISM

FXStreet The EUR/USD remains fairly stable, despite the much acclaimed economic index of U.S. purchasing managers significantly better than expected. The GBP/USD traded last on 1,1226 and to 0.15 percent in the Minus.

EUR/USD after U.S. data under pressure

The currency pair is listed in the Minus, however, there is further space on the bottom, in spite of the positive results from the ISM Index for the Manufacturing sector, which rose by a report in the month of may by 0.1 to 54.9 counter.

In addition, the ISM employment component came as a positive surprise, while the number of initial applications increased to services in the context of the US unemployment insurance on 248.000, and the important 4-week average of 235.500 to 238.000 started.

The currency pair was also due to the growing bids around the Greenback under pressure. The reason for this growing interest rate hike expectations in conjunction with rising US yields, which were supported by good economic data.

Fed’s Powell: Inflation still on the way to 2%
USA: economic activity in the Manufacturing sector remains in may on a course of expansion
US-purchasing managers ‘ index remains at 8-month Low

EUR/USD – Important course brands

The next supports lie at 1.1165 (Deep 31. May), 1,1108 (Deep 30. May) and 1,1073 (76,4% Fibo of 1,1300 to 1,0339). On the other hand, the High from July 01, define. June 1,1257, as well as the High of 23. May 1,1268 and the High of the 09. November 2016 at 1.1300 in the next Resistances.

** FXStreet News Editorial, FXStreet**

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