Looks like markets jostling
Lots of mixed headline numbers here:
- French Flash Manufacturing PMI: 53.1 v 52.6 expected and 52.5 previous
- French Flash Services PMI: 55.3 v 55.7 expected and 55.9 previous
- German Flash Manufacturing PMI: 57.3 v 55.5 expected and 55.9 previous
- German Flash Services PMI: 54.4 v 54.6 expected and 54.5 previous
Check out the Euro and Cable charts below for initial reactions, pushing back up into resistance:
Not sure if the price action looks convincing to me.
Still have the final Eurozone PMI numbers to come at the top of the hour.