EUR/USD : The pair brand new lows after the good news out of the US

© Reuters. EUR/USD

The EUR/USD maintains a profile bearish in the short term following the us data this afternoon, with a new low on the 1.2217 for the moment.

The PMI Manufacturing index-preliminary of the USA for the month of April, therefore, found to be superior to the expectations at 15h45, to 56.5 points versus 55.2 expected and 55.6 previously. The PMI index of services has increased to 54.4 points, compared with 54.3 in advance and 54 in the previous month.

At 16h, sales of existing housing US for the month of march in which the traders were able to take knowledge. The figures are also above consensus, with 5.6 Million of sales, as compared to 5.5 M in advance and 5.54 Million previously (+1.1% against +0.2% expected).

In this context, the EUR/USD pair, therefore, has accentuated its decline, and marked a new on 1.2217 at the time this article is written.

Recall that this morning, the EUR/USD pair had already posted to losses, in the face of the manufacturing PMI of the Euro Area at a low since 14 months, as well as in the face of rising rates US, with a return to 10-year-old who almost touched the psychological threshold of 3% today (2.998%) and this has undoubtedly favoured the US Dollar.

From a graphical point of view, the next support immediate are to 1.2215 (low of 6 April), before 1.2205 (low of February 9), 1.22 (psychological threshold), and 1.2155 (trough 1st march). The increase, 1.2250, 1.2265 and 1.23 are the first resistances.

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