Date : 2nd December 2014 EURUSD TRADING LOWER ON TUESDAY. NO MAJOR ECONOMIC RELEASES FOR THE SESSION AHEAD. EURUSD rose yesterday and closed at 1.2469. The Final Manufacturing PMI in the Eurozone dropped a level of 50.1 in November. The Italian Manufacturing PMI dropped in November to a reading of 49.0. On the other hand the Spanish Manufacturing PMI rose in November to a level of 54.7. Data from the United States revealed that the ISM Manufacturing PMI in the largest economy in the world dropped to a level 58.7 in November from 59.0 during the previous month, but still came better than the market expectations of a drop to 57.9. The President of the United States Federal Reserve in New York William Dudley opined that he expects the central bank to hike the interest rates in the middle of 2015. Support for the EURUSD is seen at 1.2418 and resistance is seen at 1.2558. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.