EURUSD breaches 18-month trend line

Review: ISM and PMI data for the manufacturing industry in the US point in different directions. ISM fell to 49.5 while estimates pointed to 51.4. PMI came out at 52.8; estimates pointed to 52.1. Hence the ISM data indicate that the US industry is subject to a setback, while the PMI data indicate progress. As manufacturing industry only accounts for a minor part of the US economy, the ISM data for the service sector to be released on Wednesday are very important. These data will give a clear

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EURUSD breaches 18-month trend line

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