Overall, EUR/USD is trending upwards.
The French flash PMI data released yesterday indicated that the manufacturing sector has recovered from the contractionary level while the services sector improved and is close to the neutral level of 50.0.
With the ongoing negotiation of the post-Brexit trade deal, look for short-term buying opportunities of EUR/USD if it breaks the resistance zone of 1.21800.
The French flash PMI data released yesterday indicated that the manufacturing sector has recovered from the contractionary level while the services sector improved and is close to the neutral level of 50.0.
- French Flash Service PMI (Actual: 49.2, Forecast: 39.9, Previous: 38.8 revised from 38.0)
- French Flash Manufacturing PMI (Actual: 51.1, Forecast: 50.0, Previous: 49.6 revised from 49.1)
- German Flash Services PMI (Actual: 47.7, Forecast: 44.1, Previous: 46.0 revised from 46.2)
- German Flash Manufacturing PMI (Actual: 58.6, Forecast: 56.4, Previous: 57.8 revised from 57.9)
- Flash Manufacturing PMI (Actual: 55.5, Forecast: 53.0, Previous: 53.8 revised from 53.6)
- Flash Services PMI (Actual: 47.3, Forecast: 41.9, Previous: 41.7 revised from 41.3)
With the ongoing negotiation of the post-Brexit trade deal, look for short-term buying opportunities of EUR/USD if it breaks the resistance zone of 1.21800.