EUR/USD opened -0.44% at 1.0522 after weak EZ PMI weighed nL1N2YA1RX

Asian markets were calm with commodities steady and equities higher nL1N2YB02K

EUR/USD traded in a 1.0512/37 range and is 1.0530 into the afternoon

EUR/USD support at 1.0470 where it bottomed Monday and Wednesday

A break below 1.0460 likely sees another test below 1.0400

Resistance is at the 21-day MA at 1.0599 and break would suggest bottom is forming

German IFO is out during Euorpean session and may influence price action

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