EUR/USD got hit by the news
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Trade idea
SELL 1.1320; TP1 1.1270; TP2 1.1240; SL 1.1340
EUR/USD met resistance at 1.1450 and turned lower. The euro was weakened on Friday by the weaker-than-expected PMI data for the key economies of the euro area. The pair broke below yesterday’s low at 1.1340, went under the 100- and 50-day MAs and may now head to the lower levels at 1.1270 and 1.1235.
The euro is weakening versus other currencies as well. Take a special look at EUR/CAD as Canada releases economic data later today and forecasts are well.
