EURUSD experienced some significant movement after the release of EU PMI data, which came in below expectations. The pair broke through the key 1.0700 level and quickly reached a new low at 1.0671 before consolidating below 1.0700. The US news releases did not trigger any further decline, and the pair continued to fluctuate within the same range, possibly due to options hedging activity around 1.0680.
As the market's next direction is unclear at this point, a break outside of the newly established range between 1.0671 and 1.0698 could determine the subsequent targets. The 1.0720 level serves as a resistance, while 1.0668 remains a potential target on the downside.
I have to close for the day, have a great weekend ahead!![](https://resources.faireconomy.media/images/emojis/64/1f44d.png?v=15.1)
As the market's next direction is unclear at this point, a break outside of the newly established range between 1.0671 and 1.0698 could determine the subsequent targets. The 1.0720 level serves as a resistance, while 1.0668 remains a potential target on the downside.
I have to close for the day, have a great weekend ahead!
![](https://resources.faireconomy.media/images/emojis/64/1f44d.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f642.png?v=15.1)
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