EUR/USD, the Common Currency is Trading Positive in the Global Market

EURUSD Hourly (H1) Chart

EUR/USD: The common currency is trading positive in the global market as Manufacturing PMI from major economies – French, Italy, Germany, and the EU area see better than expected readings. Weaker USD also helped with the EURO’s rebound pushing pair’s price towards the mid-1.11 handle. While the pair has stabilized around the mid-1.11 price range, a positive US data reading could continue to pressure EURO bulls. The pair is likely to move in a range between 1.1180-1.1120, depending on today’s US data reading.

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