S&P Global preliminary PMIs are expected to confirm ongoing expansion in the US private sector’s business activity in June. Survey details on inflation and employment will be scrutinized by market participants. EUR/USD needs to clear 1.0790-1.0800 to attract buyers. S&P Global will issue flash estimates of the United States Purchasing Managers Indexes for June, a monthly survey of business activity, on Friday.
0800, where the 100-day and the 200-day Simple Moving Averages are located, and confirm that area as support to attract technical buyers. In this scenario, the pair could target 1.0900 and 1.0950 .” “On the downside, sellers could take action with a drop below 1.0670 and cause EUR/USD to slide toward 1.0600 .
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