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Forex pairs in this Article » EUR/USD (Edinburgh) - The bloc currency is closing the day below the key 1.3600 handle on Thursday, taking the EUR/USD to the 1.3585/90 area as markets draw to a close.

EUR/USD lower ahead of Chinese PMI

The immediate risk event facing the pair will be the final figures from the Chinese manufacturing PMI sponsored by NBS and HSBC due overnight. Consensus expects both indices to come in a tad higher at 51.2 and 50.7 during October, respectively. The pair would remain under pressure on Friday nonetheless, as an empty docket in the euro area would prompt traders to look for price action drivers in the US economy via the critical ISM Manufacturing (55.0 exp.) and the manufacturing PMI index gauged by Markit. Speeches by Fed’s Bullard, Kocherlakota and Lacker would also be in the limelight.

EUR/USD key levels

As of writing the pair is losing 1.04% at 1.3592 with the immediate support at 1.3516 (low Oct.17). On the flip side, a surpass of 1.3649 (MA21d) would aim for 1.3696 (low Oct.30) and then 1.3739 (high Oct.31).
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