Euros in low 1.05s again – ScotiaBank

The primary euro area PMI The data was mixed for the month of February to a little softening, as it was somewhat weighed to the euro in European Trade, Sean Osborne, the chief FX strategy in ScotiaBank.

Add celebrity managers in the mixed euro area to a soft tone

“French services and compound readings have served the expectations, as did the German services data, which require less results than expected for the same euro area. German and French manufacturing data were slightly better than expected, which helps help The euro area Manufacturing index to a small rhythm (47.3) against expectations and January data. The momentum supports slow growth Expectations For more mitigating the European Central Bank forward. “

“It seems that re -testing the euro to the 1.05 region has led to another rejection. It reflects the graphic signals within the day the top/small reflection that evolves overnight from the 1.0505 region. – Perhaps not much more amid the weak direction momentum signals on the vibrations during the day.”