Euro Zone Services and Manufacturing PMI Data

Euro Zone Services PMI and Manufacturing PMI

Today Euro Zone is going to publish manufacturing as well as services PMI data from France, Germany and Euro Zone itself. Markets expect positive reading from all the upcoming data from the Euro Zone. Euro has already strengthens against U.S. dollar and hits highest level since Sept 2018 to $1.1626 mark. Now the upcoming data will give further directions to the parity.
Let’s see how Euro has reacted during this data release:

June 23: Positive data from France, Germany and Euro Zone itself

May 21: Positive data except German manufacturing PMI

Technical View:

EUR/USD: The euro rises visibly and touches $1.1621 mark against U.S. dollar. The pair made intraday high at $1.1621 and low at $1.1591 mark. A sustained close above $1.1595 tests key resistances at $1.1626, $1.1657, $1.1698 and $1.1720 mark respectively. On the other side, a sustained close below $1.1595 will target key supports around $1.1540, $1.1526, $1.1470, $1.1425, $1.1370, $1.1343, $1.1272 and $1.1240 marks respectively.

Take a look and do trade wisely!

Good Luck

Tags
Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts

Categories

Offices

305 Griffith Corporate Park, Beachmont Kingston, Saint Vincent & the Grenadines

Mail us

Drop mail at:
support@tpglobalfx.com

Contact us

Call or Whatsapp
+1 7754366970

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by - TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines

mappin at-sign phone close