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Forex pairs in this Article » EUR/USD (Edinburgh) - The EUR/USD accelerates its intraday decline on Tuesday, testing fresh lows in the vicinity of 1.2950 despite de better reading from the Spanish Services PMI.

EUR/USD vs. euro docket

The batch of euro data just kicked in, with the Spanish Services PMI surpassing expectations in June and advancing to 47.8 vs. May’s 47.3. The rest of the PMI results will follow ahead of the EMU’s Retail Sales for the month of May. Consensus expects the retail sector to have contracted 2.0% over the last twelve months, rising 0.2% on a monthly basis.

EUR/USD tech levels

As of writing, the pair is losing 0.20% at 1.2951 with the next support at 1.2944 (low May 31) ahead of 1.2934 (low May 30). On the flip side, a breakout of 1.3078 (high Jul.2) would bring 1.3103 (high Jun.28) and then 1.3115 (MA30d).
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