New released report of PMI from Gernmay shows that manufacturing production rises at fastest pace for 17 months in July. From the report we can find that: Flash Germany Composite Output Index at 52.8 (50.4 in June), it is the 5-month highest, Flash Germany Services Activity Index at 52.5 (50.4 in June), it is the 5-month highest, Flash Germany Manufacturing PMI at 50.3(48.6 in June), also the 5-month highest. Flash Germany Manufacturing Output Index at 53.4 (50.5 in June), it is the 17-month highest. After this Euro vs USD short term up to 1.324 line: