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fxAug 5, 2026, 8:25 AM

Euro Holds Gains After Upward Revision to Eurozone Services PMI

EUR/USD trades near 1.1530, just off seven-week highs, following an improved reading in the bloc's services activity gauge.

EURUSD

The euro held onto modest gains against the dollar on Wednesday, with EUR/USD hovering near the 1.1530 handle. The pair remained within striking distance of its highest levels in seven weeks, supported by a brighter services-sector picture in the euro area.

The final reading of the Eurozone Services PMI was revised higher, reinforcing hopes that the bloc's economy is stabilizing. The data helped the common currency extend its recovery from recent lows.

Trading was rangebound, with resistance near the seven-week peak capping further upside. Investors now look ahead to upcoming U.S. economic releases for fresh direction.

Source: FXStreet Forex News