Markit Services Composite News Today : Breaking News, Live Updates & Top Stories | Vimarsana

6/3/2021 9:15:26 AM GMT
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By Pablo Piovano
EUR/USD fades the initial optimism and recedes below 1.2200.
The dollar attempts a recovery ahead of key data releases.
Final May EMU Services PMI came in above consensus.
The single currency resumes the downside after a positive start of the session and now drags
EUR/USD back below the key support at 1.2200 the figure.
EUR/USD meets support near the 20-day SMA
EUR/USD sheds ground for the third consecutive session on the back of further recovery in the greenback so far on Thursday.
In fact, the continuation of the buying pressure in the dollar puts the pair under further downside pressure despite the move higher in yields of the German 10-year Bunds and recent higher-than-expected inflation figures in the bloc. ....

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