The greenback strengthened broadly on Thursday, which sent the EURUSD pair 0.4% lower during the London session and it was changing hands near 1.1550.
The euro slipped in the morning after not so positive PMI numbers for the month of August, when the services sector improved only modestly from 54.2 to 54.4, but the manufacturing PMI decelerated to 54.6 from 55.1 in July. In addition, the composite index moved higher by a notch to 54.4.
Later in the day, the ECB accounts from the latest ECB will be released and could cause some volatility on the financial markets.
From the US dollar perspective, the PMI indices will be released as well, along with new home sales for July, which are seen rising 2.2% month-on-month.
The EURUSD pair managed to return back above the strong resistance of previous lows at 1.1550. As long as the pair holds above, bulls could try to attack the 1.16 level again, or possibly the area around 1.1650.
On the other hand, should the mentioned support crack, we could see a quick downward movement toward 1.1430, where another strong demand zone could be located.