European manufacturing stops the rot in EURUSD for now

It hasn"t sent it up but it"s stopped it from falling more

No great surprise to see the currency ignoring the data mostly. There"s enough here to show that the recovery, in this sector at least, continues to grow.

We"re not exactly rocketing away from the earlier low at 1.0526 but for now, we"re not collapsing further.

EURUSD 15m chart

1.0545/50 is where resistance is sitting and there looks to be more at 1.0560. Clear that and buyers will have a chance at the 1.0600 big figure but face more resistance at 1.0590.

We swing over to the UK now for some data and the manufacturing PMI, and mortgage & credit data.

European manufacturing stops the rot in EURUSD for now
European manufacturing stops the rot in EURUSD for now
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