German Manufacturing PMI Falls 52.3, EURUSD Eyes 1.1400 Levels

Forex - 698745

The German Manufacturing PMI fell 52.3, from 53.7 a month earlier, missing a forecast of 53.5. This development put the EURUSD under heavy pressure. Now, eyes will be on the key support 1.1408, a halt is likely, it may test 1.1448 before another fall, however, below 1.1408 aims 1.1343 level, next support comes at 1.1290 levels.

On the upside, resistance comes at 1.1448 level ahead of 1.1789 levels, below that level will keep the pair under heavy pressure with risk to 1.1408 level.

MARKET DATA

UPCOMING ECONOMIC EVENTS