Euro Drops Below 1.10 Against Dollar As Manufacturing Weakness Weighs
• EUR/USD falls below 1.10 level amid thin trading conditions and heads toward oversold territory • Eurozone manufacturing remains in contraction; focus turns to inflation and US jobs data • Bearish momentum accelerates with prices breaking below 20-day moving average • Immediate support located around 1.0925, where 100-day MA resides • Selling pressure expected to continue in near term, though upside still possible from oversold conditions