The EUR/USD slid further down the charts on Thursday, testing into new six-month lows near 1.0617 before recovering from the bottom to close out the d
declined and US Treasury yields spiked higher, sending the US Dollar index higher across the entire global currency space, and the Euro fell to a new low.
The EUR/USD pair is already decidedly bearish, having closed in the red for the past nine consecutive weeks. This week will only break the near-term trend if markets are able to push the Euro higher and hold ground before Friday's closing bell. Friday's Purchasing Manager Index figures are expected to twist, with the EU forecast to see a slight decline and a minor uptick in US numbers.composite is slated to come in at 46.5 versus the previous 46.7, while the US side sees manufacturing rising from 57.9 to an even 48, and the services PMI component lifting from 50.5 to 50.6.
The Euro is rising from Thursday's low of 1.0620, but the pair is still significantly off Wednesday's peak at 1.0737.are starting to flash oversold conditions. The Relative Strength Index and Moving Average Convergence-Divergence indicators are on the low end and threatening to turn bullish, and a recovery from here could see theEUR/USD daily chart
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