Easing of euro-zone manufacturing downturn bullish for EURUSD
Euro-zone’s manufacturing activity contraction slowed in May: Markit reported Manufacturing PMI rose to 39.5 from 33.4 in April, when an increase to 38 was expected. Readings above 50.0 indicate industry expansion, below indicate contraction. This is bullish for EURUSD.
Summary of technical analysis
|Buy stop||Above 1.1003|
|Stop loss||Below 1.0952|
Market Analysis provided by IFCMarkets
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