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Forex pairs in this Article » EUR/USD (Edinburgh) -The EUR/USD posted almost no reaction after the US Markit PMI came in lower than expectations at 53.1 for the month of August.

EUR/USD now focus on ISM

The gauge of the manufacturing sector in the US economy sponsored by Markit fell to 53.1 in August, missing estimates at 54.0 and down from July’s 53.7, although the pair remained mostly indifferent. Next on tap will be the more relevant ISM manufacturing, with prior surveys placing the release a tad lower at 54.5 in August from 55.4 in the previous month.

EUR/USD key levels

At the moment the pair is losing 0.11% at 1.3176 and a breakdown of 1.3144 (MA200d) would target 1.3115 (low Jul.22) en route to 1.3089 (low Jul.19). On the upside, the initial hurdle lines up at 1.3237 (high Sep.2) ahead of 1.3255 (high Aug.30) and finally 1.3298 (low Aug.22).
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