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EUR/USD slips ~1.1215 support, US data sees slight USD rally

Source: Thomson Reuters EUR/USD is unlikely to test 1.1260/70 old support as pair slips ~1.1215 support USD sees slight rally after US data, DE-US 2yr yield spreads further in USD's favor Chicago PMI & U. of Mich due ahe…

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EUR/USD slips ~1.1215 support, US data sees slight USD rally
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Source: Thomson Reuters


  • EUR/USD is unlikely to test 1.1260/70 old support as pair slips ~1.1215 support

  • USD sees slight rally after US data, DE-US 2yr yield spreads further in USD's favor

  • Chicago PMI & U. of Mich due ahead, if upbeat then could futher depress pair 

  • Bears may reappear, may see pair work through 1.1135/85 support zone

  • Sub-1.1135 could see test of 2015 low, >1.1450 eases short-term bear pressure

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