EUR/USD from highs, back in the vicinity of the 1,1230

FXStreet — After the new multi-month high in the vicinity of the 1,1270 was formed, dragged the EUR/USD in the proximity of the 1,1235/30.

EUR/USD bids at the data

The seller arrived at the days high to 1,1270 in the market and it went back to the loss in the area of the 1,1230.

The good results of the Euro zone’s PMI and the IFO survey of Germany, offered the Euro support.

The US Dollar Index, which represents the strength of the USD vs. its 6 most important rivals, pushed to 96,80/90 on buying interest before the US economic data.

To expect us from the US, the Markit manufacturing PMI, the sales of new real estate and the speech by Minneapolis Fed N. Kashkari (voter, dovish).

EUR/USD bids in the vicinity of the 1.1300 — Commerzbank

EUR/USD significant levels

Currently, the daily loss of-0.05% 1,1231 and the next supports is at 1,1222 (Deep 23. May), 1,1073 (76,4 % Fibo of 1,1300-1,0339) and 1,0992 (20-day SMA). On the other hand, Resistances can be found at 1,1267 (2017 High 23. May), 1,1300 (High-9. November 2016) and 1,1367 (High 18. August 2016).

** FXStreet News Editorial, FXStreet**

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