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BREAKING: EURUSD at key support after PMI readings from Europe

9:04 AM 1 August 2024
  • Eurozone HCOB Manufacturing PMI Jul F: 45.8 (est 45.6; prev 45.6)
  • German HCOB Manufacturing PMI Jul F: 43.2 (est 42.6; prev 42.6)
  • French HCOB Manufacturing PMI Jul F: 44.0 (est 44.1; prev 44.1)
  • Italian HCOB Manufacturing PMI Jul: 47.4 (est 46.0; prev 45.7)
  • Spanish HCOB Manufacturing PMI Jul: 51.0 (est 52.5; prev 52.3)

PMI reports from Europe are coming out mixed, nevertheless it seems that the situation in industry is improving. Data from Germany and Italy came as a positive surprise. 

The EURUSD pair is testing the 200-day exponential moving average after the data reading. 

Source: xStation 

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