The services PMI in the eurozone for January came out above estimates at 52.5. This was an increase from 52.2 in December. Economists forecast that the services PMI would remain at this same level.
In a separate report, eurozone retail sales were down 1.6% in the last month of 2019.
EUR/USD Touches Down to 1.1000 Support
The currency pair finally slipped to test the 1.1000 level of support. This comes amid a steady bearish momentum in price action. The decline to this support could see some bounce amid a bit of profit-taking.
However, any correction could be limited below the 1.1072 region for the moment.
