EUR/USD unchanged at 1.1345 after EU-PMI releases

Euro-zone flash PMI prints for August failed to provide a follow through momentum for the shared currency, with the EUR/USD pair mostly unchanged near session high at 1.1340-45 band.

The flash version of the composite Euro-zone manufacturing PMI at 51.8 was just short of 52.0 expected. Meanwhile the service PMI printed slightly better-than-expected reading and came-in at 53.1. 

Data released earlier on Tuesday showed German flash manufacturing PMI at 53.6, fell to a 3-month low, and French manufacturing PMI recorded a 2-month low reading of 48.5.

Next relevant data on Tuesday includes new home sales and Richmond Manufacturing Index from the US, later during NY trading session. 

Technical levels to watch

On a sustained move above 1.1350-60 (multi-week high resistance), the pair seems to head towards reclaiming 1.1400 handle. A follow through buying interest above 1.1400 round figure mark should continue boosting the pair further towards reclaiming 1.1500 psychological mark.

Conversely, sustained weakness back below 1.1300 round figure mark might negate possibilities of any further up-move and turn the pair vulnerable to head back towards testing 100-day SMA support near 1.1225-20 region. A convincing break below 100-day SMA could infuse further selling pressure and might dragging the pair lower in the near-term.