EURUSD: Sellers are still profitable

EUR/USD took a familiar dip this Thursday, retreating to the 1.0700 mark as a lack of economic data from the US supported the Greenback.

As we head into Friday, markets are set for a data-heavy series, including Purchasing Managers' Index (PMI) figures for both the EU and US The outlook remains bearish with the model The price wedge remains intact and the downtrend remains active, supported by the 34 and 89 EMA.

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