EUR bounce unlikely to last
A flurry of more positive PMI's out of Europe are welcome news for the eurozone, but don't change the present bleak picture. I am expecting sellers on retracements on the EURUSD pair.
Price is currently at a pivot point on the 15 minute chart. If price moves above it I would anticipate sellers rejoining at better prices above, such as 1.1120 and 1.1160
