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Forex pairs in this Article » EUR/USD
FXStreet (Edinburgh) - The EUR/USD breached the 1.3700 critical support, as selling pressure intensifies around the single currency.

EUR/USD clings to 1.3700

German manufacturing PMI came in at 54.7 in February, extending its momentum above the 50 mark and bettering the previous print (54.3), despite coming in short of expectations (56.3). Spot briefly test the 1.3690/85 area and now is struggling to keep the trade around the 1.3700 handle ahead of EMU’s PMIs due next. Prior surveys expect the indicator to stay put at 54, while the Composite reading should improve to 53.1 from 52.9.

EUR/USD levels to watch

As of writing the pair is losing 0.21% at 1.3703 with the next support at 1.3695 (low Feb.18) ahead of 1.3685 (low Feb.17). On the upside, the initial hurdle lines up at 1.3773 (high Feb.19) followed by 1.3777 (high 2014 Jan.2) and finally 1.3796 (76.4% of 1.3894-1.3477).
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