The EUR/USD It started the week with a pullback in the Asian session to the 1.1859 zone, the low of the day, but later it has regained ground, stretching almost 30 pips higher to reach a daily high of 1.1887.
Risk appetite is benefiting the euro and weighing on the dollar, whose DXY index has fallen 20 pips today to 91.97, the new low of the day.
On the economic calendar, German retail sales have improved expectations, rising 4.2% monthly, above the 2% forecast. Annually, the increase has been 6.2%, its biggest rise since March.
In the next few minutes, both Germany and the Eurozone will release their manufacturing PMI data for July. Later in the day it will be the turn of the US, which will publish the key data of the ISM manufacturing for July, being able to move the market.
EUR / USD levels
With the pair trading at the time of writing above 1.1884, gaining 0.11% daily, the initial resistance appears at 1.1900. If exceeded, the next target is at 1.1908, the July 30 high, before jumping to the firmer barrier located at 1.1975, ceiling of June 25.
To the downside, initial support awaits in the zone 1.1850, where is the July 30 low. Below, there is room to fall towards 1.1772, the July 28 floor.
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