Overall, EUR/USD is trending downwards. Recently, EUR/USD strengthened for a short period of time after the release of the better than forecasted eurozone PMI data last Friday.
Stay out of EUR/USD for now.
- Flash Manufacturing PMI (Actual: 49.1, Forecast: 47.4, Previous 47.9 revised from 47.8)
- Flash Services PMI (Actual: 52.8, Forecast: 52.4, Previous 52.5 revised from 52.2)
Stay out of EUR/USD for now.