Last week, notably the German Flash Manufacturing PMI and French Flash Services PMI dropped a lot causing the EUR to weaken.
This week there's only the German Prelim CPI m/m which is also expected to decrease from 0.4% to 0.2%. This will cause the EUR to weaken further.
Technical Confluences
Near-term resistance level at 1.07350
Next support at 1.05340
Idea We could see the EUR drop towards the support at 1.05340 by the end of the week.
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