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Forex: EUR/USD keeps pushing higher

FXstreet.com (Barcelona) - The upbeat tone continues to surround the shared currency on Monday, pushing the cross to the current area around 1.2825/30 and posting fresh session highs at the same time.

Ahead of the day the US docket will be in the limelight: Markit manufacturing PMI is expected to improve to 54.9 from 54.3, while the ISM Manufacturing PMI would fell a tad to 54.1 from 54.2

The Swiss UBS bank remains bearish on the cross, and Strategists G.Yu and G.Berry commented, “As bearish trend conditions persist, there is scope for extension of weakness to test strong support at 1.2662. Resistance is at 1.2900”.

At the moment, the pair is advancing 0.12% at 1.2821 and a surpass of 1.2884 (MA200d) would open the door to 1.3050 (high Mar.25) and finally 1.3163 (high Feb.28).
On the flip side, support levels align at 1.2751 (low Mar.27) and then 1.2730 (low Nov.19).

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