EUR/USD treading water near 1.0660, hanging near the top of the range

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The EUR/USD is trading into neutral ground heading into the end of the trading week, testing well-trodded ground near the 1.0660 handle. US Purchasing

US PMIs kept the USD capped with a mixed print.The EUR/USD is trading into neutral ground heading into the end of the trading week, testing well-trodded ground near the 1.0660 handle.

European PMI figures earlier on Friday saw the Euro ease back after an unexpected drop, with the manufacturing component printing at 43.4 versus the forecast 44.0.printed above expectations at 48.9 for September, compared to 47.9 for August, but the Services PMI component fell back to 50.2, reversing the market forecast increase to 50.6.US S&P Global Manufacturing PMI improves to 48.9, Services PMI declines to 50.

The EUR/USD fell to a Friday low of 1.0615 but recovered to the top side near Friday's peak just north of 1.0670.trading just south of the 200-hour Simple Moving Average near 1.0685.

 

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