May 1, 2013
Forex: EUR/USD relaxes to 1.3190 after US ISM manufacturing PMI
The EUR/USD printed its highest price just after the publication of disappointing US ADP data, ,at 119K in April instead of the 150K expected (also with the March figure being revised lower from 158K to 131K), and jumped to 1.3242 high. Then, profit taking happened and the pair erased its gains progressively back to the 1.3200 mark. With the release of US ISM data, the market tumbled below the psychological level and is now trading around 1.3190, as of writing.
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