German PMIs were expected to remain at the same range of 54.8 for manufacturing and 55.9 for services. Instead, both dropped: manufacturing at 53.8 and services at 54. It is important to note that a score of above 50 represents growth. Nevertheless, this is below expectations. EUR/USD moved higher on the release of the French data, crossing the 1.38 line, but dropped on the German shortcoming. Here is how the swing looks on the chart: French PMIs came out better than expected and both moved to positive territory: the flash services PMI rose from 47.2 to 51.4 points, above 47.9 expected. The manufacturing figure rose from 49.7 to 51.9, also beating the modest expectations of 49.8 points. This sent EUR/USD to a high of 1.3825 after the pair began the trading week around the round level. The all-European data is scheduled for 8:58 GMT. The mixed German and French figures are likely to leave expectations as they were. Often expectations change when the two core countries both point in a particular direction. Support is at 1.3750 and resistance lies at 1.3830. For more, see the EURUSD forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Moving to quarter end FxPro - Forex Broker 8 years German PMIs were expected to remain at the same range of 54.8 for manufacturing and 55.9 for services. Instead, both dropped: manufacturing at 53.8 and services at 54. It is important to note that a score of above 50 represents growth. Nevertheless, this is below expectations. EUR/USD moved higher on the release of the French data, crossing the 1.38 line, but dropped on the German shortcoming. Here is how the swing looks on the chart: French PMIs came out better than expected and both moved to positive territory: the flash services PMI rose from 47.2 to 51.4 points, above 47.9… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.