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FXstreet.com (Córdoba) - The Euro is rising further against the Dollar and jumped more than 60 pips after the release of economic data. EUR/USD rocketed from 1.4775 to 1.4840 (intra-day high) in a few minutes. Currently it trades at 1.4835/38, 0.80% above today's opening price. If it rises further, the next resistance lies at 1.4860 (Oct 29 highs) and above at 1.4900.
U.S. Manufacturing ISM has risen to 55.7 in September, from 52.6 in September, well above the 53.3 reading expected by market analysts, with employment and Production sub-indexes increasing considerably on the month.
Furthermore, Pending home sales increased at a 6-1% pace in October, to 110.1; the eight consecutive increase in pending home sales. Year on year, sales have increased 21.2%.
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