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EUR/USD attacks 1.25 post mixed PMI data

FXStreet (Moscow) - EUR/USD is trading just below 1.25 post EMU data release, completely ignoring the readings.

The regional PMI releases painted mixed picture, as Spanish, and French data were above expectations, and Italian index disappointed sliding below 50-point boom/bust level. German data didn’t meet expectations as well printing 51.4 vs 51.8 expected. However, the market practically ignored the reports, as final PMI numbers are usually not of big interest for the market, and there were no significant surprises in the releases. The pair is trading at 1.2494, still having hard time recovering above 1.25. In terms of technical picture, when the mentioned resistance is broken, it may pave the way to next barrier around 1.2543.

What are today’s key EUR/USD levels?

Today's central pivot point can be found at 1.2543, with support below at 1.2468, 1.2411 and 1.2336, with resistance above at 1.2600, 1.2675 and 1.2732. Hourly Moving Averages are bearish, with the 200SMA bearish at 1.2657 and the daily 20EMA bearish at 1.2692. Hourly RSI is bearish at 39.

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