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EUR / USD
The EUR traded lower against the USD and closed at 1.3131, after the German GDP contracted in the second quarter of 2014.

In other economic news, the rate of expansion in Euro-zone manufacturing production eased to a 13-month low in August. The PMI in the Euro-zone dropped to 50.7 in August, compared with 51.8 in July. Moreover, with prospects of more sanctions by EU leaders on Russia for its recent incursion in Ukraine, the Euro is expected to remain under pressure.

The pair is expected to find support at 1.3111, and a fall through could take it to the next support level of 1.3100. The pair is expected to find its first resistance at 1.314, and a rise through could take it to the next resistance level of 1.3158.

Going forward, investors would pay attention to a slew of economic releases from the US later in the day.

GBP / USD
The GBP rose 0.13% against the USD and closed at 1.6612.

the UK market PMI edged down in August to 52.5, falling to its lowest level in 14-months, against market expectations for a reading of 55.1 and compared to a reading of 54.8 registered in the prior month. Additionally, data revealed that the UK borrowings rose a total of £3.4 billion in July, the highest in six years.

The pair is expected to find support at 1.6561, and a fall through could take it to the next support level of 1.6537. The pair is expected to find its first resistance at 1.6627, and a rise through could take it to the next resistance level of 1.6669.

Trading trends in the Pound today are expected to be determined by the PMI construction data from the UK, scheduled in a few hours.

USD / JPY
The USD strengthened 0.18% against the JPY and closed at 104.32. the vehicle sales in Japan eased 5.0% on an annual basis, in August, following a 0.6% rise registered in July. Early morning data indicated that the labour cash earnings in Japan had risen 2.6% in July, compared to a revised 1.0% rise in the previous month, while markets were expecting it to rise 0.9%

The pair is expected to find support at 104.3, and a fall through could take it to the next support level of 103.85. The pair is expected to find its first resistance at 105.01, and a rise through could take it to the next resistance level of 105.26.

Going forward, investors await services PMI data from Japan, scheduled to release early tomorrow.

USD/CHF
The USD rose 0.07% against the CHF and closed at 0.9195. The Swiss Franc lost ground, after Switzerland’s manufacturing PMI fell to 52.9 in August.

The pair is expected to find support at 0.9183, and a fall through could take it to the next support level of 0.9166. The pair is expected to find its first resistance at 0.9211, and a rise through could take it to the next resistance level of 0.9222.

Trading trends in the Swiss today are expected to be determined by the Q2 Swiss GDP, scheduled in a few hours.