The Euro is under pressure

Posted Monday, May 23, 2016 by
Skerdian Meta • 1 min read

The Euro remains under pressure after the miss this morning in the Eurozone manufacturing and service numbers. The manufacturing data came at 51.5 against 61.9 expected, which is the lowest number in 16 months. EUR/USD is headed down but the 1.12 level is still holding. If that goes the next target would be last week´s low at 1.1170s and the 1.11 and 1.1050 which is the ultimate support level. 

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