EUR/USD falls to fresh lows after upbeat ISM non-manufacturing PMI

EUR/USD turned lower and fell to fresh daily lows as the greenback got a lift from better than expected ISM non-manufacturing data.

EUR/USD resumed the slide and broke through previous session lows and hit a new one at 1.1335 before finding support. At time of writing, EUR/USD is trading at 1.1350, recording a 0.32% loss on the day.

ISM non-manufacturing PMI rose to 54.5 in March from 53.4 the previous month and beating expectations of 54.0. Meanwhile, Markit services gauge also showed improvement in the sector as the index rose to 51.3 versus 51.0 expected.

EUR/USD levels to watch

In terms of technical levels, EUR/USD could find next supports at at 1.1335/34 (Apr 5 & 1 lows), and 1.1287 (10-day SMA) ahead of 1.1232 (20-day SMA). On the flip side, resistances line up at 1.1412 (Apr 4 high), 1.1437 (Apr 1 high), 1.1494 (Oct 15 high) and 1.1560 (Aug 26 high).