S&P Global will release the flash estimates of the United States (US) Purchasing Managers Indexes (PMIs) for April on Tuesday, a survey that measures business activity throughout the month.
S&P Global PMI s are expected to indicate business activity in the US continued to expand in April. Manufacturing and Services output are seen advancing at a moderate pace. EUR/USD holds above 1.0600, near-term bearish bias remains intact. S&P Global will release the flash estimates of the United States Purchasing Managers Indexes for April on Tuesday, a survey that measures business activity throughout the month.
0750, where the 20-day Simple Moving Average is located. A daily close above this level could attract technical buyers and open the door for an extended recovery toward the 200-day SMA at 1.0820. On the other hand, supports are located at 1.0600 , 1.0500 and 1.0450 .
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