Aug 23, 2018
EUR /USD rejected at falling trendline, focus on Euro zone PMIs and Italian 10-yr yield:
*The EUR failed to take out a key falling trendline yesterday as the Fed signaled readiness to hike rates in September.
*The common currency could take a beating if the PMI's, due today, print below estimates and the 10-year Italian yield spikes.
EUR/USD Technical Levels: Resistance: 1.1577 (61.8% Fib R of 1.1747/1.1301), 1.1610 (50-day moving average), 1.1628 (Aug. 8 high)
Support: 1.1527 (5-day moving average), 1.1508 (June 21 low), 1.1497 (100-hour moving average)