EUR/USD Trades Lower Amid Thin Holiday Trading; Focus Turns to US Data, Downside Risks Remain
• EUR/USD trading uneventfully amid thin holiday trading conditions in Europe and Asia • Focus turns to US session with ISM Manufacturing PMI and S&P Global Manufacturing PMI data • EUR/USD has downside momentum in near-term, breaking below 1.0767 support could trigger further declines • Next key support below 1.0765 at 1.0720; resistances at 1.0805 and 1.0840 • Technical indicators like 20 SMA show increasing bearish momentum for near-term EUR/USD outlook