PMI index causes EUR price to decrease slightly

Dear ladies and gentlemen

EUR/USD is trading close to 1.0550, finding support in the vicinity of the weekly low near 1.0520 heading into early Europe on Friday. The pair takes advantage of the broad retreat in the US Dollar and the bond yields, despite a downbeat mood.

We are waiting for a retest of the 1.05600 resistance zone and set up a sell Scalp order to catch a recovery.

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