FxWirePro: EUR/USD capped around 1.1300, pares gains to trade at 1.1252

Mixed preliminary PMIs from France and Germany dragging EUR/USD to the mid-1.1200s 

• EUR/USD had earlier on the day hit fresh eight week highs at 1.1296 levels on broad USD weakness 
   
• At the time of writing, EUR/USD is trading at 1.2952, Daily Stochs are on the verge of a bearish crossover at oversold levels, we would wait for confirmation to enter into short positions
   
• Immediate resistance for the pair lies at 1.1296 (day's high) ahead of 1.1336 (200 DMA) and then at  1.1346 (June 23rd high)
   
• Supports on the downside are seen at 1.1230 (Hourly Low Aug 21), followed by 1.1215 (Daily High Aug 12)
   

Resistance Levels:

R1: 1.1296 (day's high) 

R2: 1.1336 (200 DMA)

R3: 1.1346 (Daily High Jun 23)

Support Levels:

S1: 1.1230 (Hourly Low Aug 21)

S2: 1.1215 (Daily High Aug 12)

S3: 1.1189 (Daily High Aug 13 & 14)