EUR/USD pair has retreated from a multi-week high of 1.1845
PIVOT POINTS: S3 S2 S1 PIVOT R1 R2 R3
1.1736 1.1765 1.1786 1.1816 1.1837 1.1866 1.1887
Market Trend News: The EUR/USD pair has retreated from a multi-week high of 1.1845 to be flirting with the 1.1800 level, as the American currency has recovered on the strength of month-end flows and despite disappointing US data. European data, on the other hand, was positive. According to preliminary estimates, the German unemployment rate fell to 5.5 percent in August, while the EU Consumer Price Index increased by 1.6 percent year on year. Germany will issue its July Retail Sales data on Wednesday, while Markit will release the final editions of its Manufacturing PMIs. The official ISM Manufacturing PMI will be released, as well as the ADP report on job creation, which is predicted to print at 613K.
1.1736 1.1765 1.1786 1.1816 1.1837 1.1866 1.1887
Market Trend News: The EUR/USD pair has retreated from a multi-week high of 1.1845 to be flirting with the 1.1800 level, as the American currency has recovered on the strength of month-end flows and despite disappointing US data. European data, on the other hand, was positive. According to preliminary estimates, the German unemployment rate fell to 5.5 percent in August, while the EU Consumer Price Index increased by 1.6 percent year on year. Germany will issue its July Retail Sales data on Wednesday, while Markit will release the final editions of its Manufacturing PMIs. The official ISM Manufacturing PMI will be released, as well as the ADP report on job creation, which is predicted to print at 613K.
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