EUR/USD, US Manufacturing PMI weaker, usd stronger!
Bears keep the EUR/USD under control. Despite ‘US Manufacturing PMI’ weaker then expected, 52.9 vs previous 53.5, usd run against euro again. Last night the pair touch a low of 1.1159 and recover today to 1.1240high, the previous resistance from Friday. We can see at this chart, that euro can’t recover to 1.1260/80 and that means that strong seeling orders start from 1.1230/40 already. Let’s see what next and could the pair recover or it will continue to fall to the previous low!? As you can see at my analysis, 1.1160/80 is previous and first support.