LeoPrime Daily Market Analysis

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EURUSD clings at 1.13000 region

EURUSD lost its upside momentum yesterday after testing the 1.14300 mark. With poor economic PMI which came out 51.3 vs 52.0 expected, released by the Markit Economics, EURUSD dropped -0.58% as of writing at 1.13000 region. Bulls are expected to show up for the last day of this week with minimum risk to bounce back above 1.1400 region. If bulls failed to bounce back , bears can break below the 1.13000 region targeting the next monthly support at 1.12300.

EURUSD TODAY:
Daily open: 1.13727
Daily Last high: 1.13907
Daily Last Low: 1.12883
Daily current growth: -0.58%

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