FlowBank

7 days ago • Posted by Ajmir Omid

#EURUSD lower after German #PMI #fx

EURUSD is starting some weakness after its solid rally since mid-November. The reason behind today's weakness is the weaker-than-expected German PMI reading, pointing to softer growth in the region. We will be watching if the 1.0860 ascending support line will hold further selling pressure. 

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