EUR/USD climbed above the 1.1700 level as traders reacted to the Euro Area Manufacturing PMI report.
EUR/USD moved higher as traders reacted to the Euro Area Manufacturing PMI report. The report showed that Manufacturing PMI increased from 49.8 in July to 50.7 in August, compared to analyst forecast of 50.5.
Currently, EUR/USD is trying to settle above the resistance at 1.1685 – 1.1700. In case this attempt is successful, EUR/USD will move towards the next resistance level at 1.1785 – 1.1800.
