In Friday’s European session, the EUR/USD currency pair slid to near 1.0470. This decline follows the release of the Hamburg Commercial Bank’s preliminary Purchasing Managers’ Index (PMI) data for February. The market reacted swiftly, leading to the weakening of the major currency pair. Traders analyzing this data need to stay cognizant of evolving trends. Economic indicators significantly influence currency movements, making it a critical area of focus. Continued analysis of Eurozone data will help inform future trading decisions for EUR/USD participants.