The Institute of Supply Management’s non-manufacturing activity slowed in November. The latest figures show that services activity slowed to 53.9 on the index. This was down after the index rose slightly to 54.7 in the month before. The slowdown in the services sector comes amid a contraction in the manufacturing sector.
EUR/USD Establishing Support
The currency pair briefly slipped back to the previously established resistance level of 1.1062 – 1.1075. If this support level holds, then the currency pair could be on track for further gains. The next upside target is at 1.1131 level. To the downside, only a clear break below the current levels will confirm a shift in the bias.
