EUR/USD: The euro plunged to a 1-week low, as the greenback surged after the U.S. Treasury 10-year yield rose 3.5 basis points at 2.031 percent, putting some distance between a 2-1/2-year low of 1.974 percent recorded on June 20. The European currency traded 0.4 percent down at 1.1323, having touched a high of 1.1412 on Tuesday, its highest since Mar. 21.
Investors’ attention will remain on a series of data from the Eurozone economies, EZ Markit manufacturing PMI, unemployment rate and ECB De Guindos and Lane’s speech, ahead of the U.S. construction spending and manufacturing PMI from both Markit and ISM. Immediate resistance is located at 1.1437 (Mar. 21 High), a break above targets 1.1474 (Dec. 21 High). On the downside, support is seen at 1.1290 (June 10 Low), a break below could drag it below 1.1251 (June 7 Low).
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