FXStreet (Edinburgh) – The European currency has regained the 1.1160 level vs. the greenback on Wednesday, with EUR/USD rebounding from session lows around 1.1120.
EUR/USD a tad better on EMU, Germany PMI
The pair’s decline has been interrupted following auspicious results from the Services PMIs in Germany and the EMU during May, surpassing consensus at 53.0 and 53.8, respectively.
While market participants keep their focus on today’s meeting between A.Tsipras and J.C.Juncker, EMU’s Retail Sales and Unemployment Rate will be published followed by the more relevant ECB meeting and Draghi’s presser.
EUR/USD levels to watch
The pair is gaining 0.06% at 1.1158 with the next hurdle at 1.1194 (high Jun.2) ahead of 1.1200 (psychological level) and then 1.1208 (high May 22). On the downside, a breach of 1.0915 (low Jun.2) would target 1.0887 (low Jun.1) en route to 1.0867 (low May 28).
(Market News Provided by FXstreet)