The latest factory orders in Germany saw a decline. Industrial orders fell 1.3% on the month beating forecasts of a 0.2% increase and a decline from 0.2% previously.
Trade balance figures from France were also weaker.
EUR/USD Testing the Rising Trend Line
The common currency is currently testing the rising trend line. After the break down below the support level of 1.1131, this will be the next dynamic support. In the event of a break down below this trend line, the lower support at 1.1100 will be open for a retest. This potentially confirms the downside below 1.1131.
