EUR/USD:SELL From Breakout Trendline and PMI Data <50 pt SHORT

EUR/USD yesterday the positive news about the USD Unemployment Claims pushed the EUR downwards and today the price may continue to drop more after the breakout of the dynamic trendline to the 1.0500 value. Today the S&P Global Composite PMI shows a value below 50 points showing contractions of private sector manufacturing and services companies. Following the economic data plus the technical analysis scenario, we are looking for a new bearish impulse by the EUR.

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