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EUR/USD falls below 1.0840 after German flash PMI data misses forecasts
Following the release of the July French PMI data, the German equivalent has just now been released. As with the French data, the markets were expecting a modest improvement in the German numbers. Ahead of this the DAX had opened markedly lower today and fallen below the 18,400 mark. However, it was rebounding modestly leading into the German PMI data. The flash German July readings have shown a miss on manufacturing and services. This was not positive data, and the DAX is immediately a little lower. The EUR/USD has fallen though and that has now dropped below the noted 1.0840 support level on this news. The EUR/USD is currently trading at 1.0835
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