EURUSD extends gains near 1.0520, latest analysis
Updated
Greetings, Darius and everyone!
The EURUSD pair is experiencing notable advancements today, currently being traded at 1.0522. This positive movement can be attributed to the encouraging HCOB Purchasing Manufacturing Index (PMI) from Eurozone, which was released on Wednesday and is likely to offer support for the Euro. The report indicates that the composite PMI for September has improved slightly from 47.1 to 47.2 and is anticipated to remain steady.
Darius suggests that the current level of support lies at 1.050, while short-term targets ranging between 1.0576 and 1.059 are also being considered.
The EURUSD pair is experiencing notable advancements today, currently being traded at 1.0522. This positive movement can be attributed to the encouraging HCOB Purchasing Manufacturing Index (PMI) from Eurozone, which was released on Wednesday and is likely to offer support for the Euro. The report indicates that the composite PMI for September has improved slightly from 47.1 to 47.2 and is anticipated to remain steady.
Darius suggests that the current level of support lies at 1.050, while short-term targets ranging between 1.0576 and 1.059 are also being considered.
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