Sat, Feb 07, 2026 15:50 GMT
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    HomeContributorsTechnical AnalysisEurozone Flash PMI's Rise Slightly In February

    Eurozone Flash PMI’s Rise Slightly In February

    The forward-looking flash PMI data for the eurozone covering the services and manufacturing sector beat estimates by a small margin.

    Data from IHS Markit showed that services activity rose to 52.8, while manfuacturing activity grew to 49.1. There was a notable pick up in the manufacturing activity from Germany.

    EUR/USD Rebounds but Will it Hold?

    The common currency finally reversed the losses, closing on a bullish note on Friday. The rebound coincides amid signs of the EURUSD forming a bottoming pattern near 1.0800.

    With price settling above the initial resistance level of 1.0840, there is scope for a pullback. As long as the current lows are not breached, the bias to the upside could improve.

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