The currency pair declined last week. Flash PMIs were the main downtrend catalysts. Eurozone’s indexes were mostly negative.

As for the US Flash PMIs they were positive. Flash Manufacturing PMI has reached 52,2 and Flash Services PMI was 51,6.

EUR/USD has tested the resistance at 1,1068 and reversed later. The currency pair is likely to develop this downside tendency aiming at 1,0870. It has several local support areas as well. EUR/USD’s closest growth target is at 1,1068.