EURUSD PMI data key
The euro currency is trader slightly lower against the US dollar in early Thursday trade, following a fairly uneventful FOMC Meeting Minutes. The release of EU PMI Manufacturing data is the main market mover for EURUSD pair, with bearish German data likely to force a test of the 1.1050 level. A better than expected German PMI number could prompt another test of the 1.1110 level.
If the EURUSD pair trades above the 1.1110 level, bulls may test towards the 1.1130 and 1.1146 levels.
If the EURUSD pair trades below the 1.1070 level, sellers may test towards the 1.1050 and 1.1020 levels.