The EUR/USD it has risen 20 pips after the publication of the ISM manufacturing data for the United States, which came out below expectations. The pair reached 1.2076, its highest level of the day, and at time of writing it is trading around 1.2065, gaining 0.38% daily.
The ISM US Manufacturing Index registered a decline in April from 64.7 to 60.7, which was a surprise as the market consensus was for an increase to 65.0. Previously, in the European morning, the data from the Eurozone and Germany for the manufacturing sector did not reach the expected results, but remained around historical highs.
The US Dollar DXY Index lost more than 50 pips today, sliding behind US PMIs to 90.86, its intraday low. For their part, US 10-year bond yields are at 1.61% after a post-data 1.59%, their lowest level since April 27.
Traders await today the speech of the Fed Chairman, Jerome Powell, which at 20.20 GMT could give some clue about the reduction of the bond purchase program, which would move the markets.
EUR / USD levels
In case of continuing to rise, the first resistance appears at the 1.2100 zone, followed by 1.2149 / 50, where is the high of April 29. On the downside, initial support awaits at 1.2013, the daily low. Below 1.2000 there is minor support at 1.1993, the April 22 bottom.
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