Better than expected European PMI data boost Euro

Better than expected European PMI data boost Euro

The Euro bounced to 1.0800 zone after upbeat PMI data from France; Germany and Eurozone.

Acceleration above 5SMA and through hourly cloud and Fibo 61.8% of 1.0823/1.0759 pullback improves near-term structure.

Sustained break above 1.0800 needed to confirm hourly higher base at 1.0760 and shift focus higher.