Ella 
EUR/USD extends Monday’s losses below the 1.1000 area.
European stock markets opened slightly on the defensive Tuesday.
EUR/USD fell to a two-day low and retested the 1.0970 area.
The U.S. dollar index (DXY) is seeing bids around the 102.00 mark.
This is followed by the release of the final Eurozone manufacturing PMI and the German employment report.
The ISM Manufacturing Purchasing Managers Index is the focus across the ocean.
The euro (EUR) continued to face selling pressure against the U.S. dollar (USD) in the first half of the week, causing EUR/USD to fall below the 1.1000 level again when it turned around on Tuesday.
Meanwhile, the U.S. dollar index (DXY) is attempting to break through an important resistance level around 102.00, supported by the dollar’s continued strength. This strength in the dollar persisted even though U.S. yields did not move significantly across the yield curve, and broad weakness in risk assets also appeared to provide support for the greenback.
This week, the focus will be on key economic data releases from the U.S. and Europe that may test the data dependence that the Federal Reserve and European Central Bank have highlighted in recent interest rate decisions.
In Europe, attention will be on final manufacturing PMI data for July, followed by labor market reports from Germany, including unemployment across the euro zone.
In the US, the main focus will be the ISM manufacturing PMI, with final data on manufacturing PMI and construction spending.
