Talking Points
- Euro failed once again to maintain gains and traded below a major support area of $1.0980.
- German Manufacturing Purchasing Managers Index (PMI) released by Markit Economics posted an increase from 51.5 to 51.8 in July 2015.
- Euro Zone Manufacturing Purchasing Managers Index (PMI) also registered a rise from 52.2 to 52.4 in July 2015, whereas the market was not expecting any change.
EURUSD Technical Analysis
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