German Manufacturing PMI Rises 51.9 In Jun, Sell EURUSD On Rebound !

forex germany min
forex germany min

The German Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector.Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

The German Manufacturing PMI rose 51.9, from 51.1  in the previous month, German Manufacturing PMI was expected to rise to 51.3 last month.

Market Impact : This development could push the pair to the upward , resistance comes at the 1.1337 levels where rejection is very likely, below 1.1254 would delay rebound and accelerate the expected bearish move .