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Thomson Reuters
Apr 18 - 06:12 AM
EUR/USD - Drops To Intra-Week Low On Sub-F/c German Mfg PMI
First appeared on eFXplus on Apr 18 - 03:50 AM
  • EUR/USD falls to 1.1265 after worse than expected German mfg PMI number
  • 44.5 vs 45.0 f/c nS8N1XB053. 1.1265 is the lowest level this week
  • 1.1293-1.1304 was early Europe range (pre-German PMIs). 1.1263 = 21DMA
  • French mfg PMI was also softer than expected, 49.6 vs 50.0 f/c nS8N1XB052
  • In contrast, German and French service PMIs were both better than expected
  • 1.1250 (Apr 11 low) and 1.1230 (Apr 10 low) are support points below 1.1263

EURUSD: Click here

Source:
Thomson Reuters IFR Markets

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