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EUR/USD – Euro Dips on Weak Eurozone, German Manufacturing PMIs

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The euro has started the trading week with losses, as the pair trades at the 1.1060 in the European session. On the release front, German and Eurozone Manufacturing PMIs missed their estimates. In the US, there is only one event on the schedule, Manufacturing PMI. On Tuesday, there are two key releases – German Ifo Business Climate and US CB Consumer Confidence. German PPI, which measure inflation in the manufacturing sector, looked dismal in January, with a decline of 0.7%. This was shy of

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