EURUSD dropped yesterday and closed at 1.3190. The Manufacturing PMI in the Eurozone rose to two-year high coming at a reading of 51.4 in August. The manufacturing data from Italy and Spain also came out positive. The Producer Price Index data released today came out better than the market expectation showing a 0.3 percent gain in July. Investors are now waiting for the ISM Manufacturing Purchasing Managers Index due to be released from the United States later today. Support for the EURUSD is seen at 1.3167 and resistance is seen at 1.3254. The HotForex Traders Board shows that 59 percent of the traders are long on the EURUSD.
EURUSD trading flat ahead of the ISM Manufacturing PMI release
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