The agenda in Europe today a ‘big test’, could send EUR/USD down 50-70 pips

Danske Bank comments on the round of PMIs due from Europe on Thursday 18 April 2019

A snippet from their overnight note give a heads up to their outlook:
  • For EUR/USD, the big test
  • April’s flash PMIs
  • We look for another disappointment tomorrow, which could send EUR/USD down some 50-70 pips on the day
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