EUR/USD struggles to gather recovery momentum EURUSD
“The ISM Manufacturing PMI report will be featured in the US economic docket. The headline PMI is expected to rise to 58 in April from 57.1 in March. Ahead of Wednesday's all-important FOMC meeting, however, the market reaction to the PMI data is likely to remain muted. Hence, the risk perception should continue to drive EUR/USD's action.”
“On the downside, 1.05 aligns as first technical support. In case sellers drag the price below that level, the next bearish target is located at 1.0470 .”.needs to rise above 1.0560 and start using that level as support. Next resistances align at 1.0600 and 1.0660 .”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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