Flash PMIs for May from two major European economies have just been released. French data released at 8:15 am BST showed manufacturing gauge rising from 58.9 pts to 59.2 pts (exp. 58.6 pts) and services index increasing from 50.3 pts to 56.6 pts (exp. 53 pts). German data released at 8:30 am GMT showed the manufacturing index declining from 66.2 pts to 64.0 pts (exp. 65.9 pts) and services gauge increased from 49.9 pts to 52.8 pts (exp.52.0 pts).
EURUSD bounced off the 1.2240 resistance after today's data releases and may be heading towards support level at 1.2183. Source:xStation5
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