Bearish sentiment sends the Euro 0.57% lower

A quick look at yesterday: overall, EUR/USD shed around 62 pips or 0.57% and ended yesterday's session at 1.0896.

Amid the market gloom, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 144,600, while the previous figure was 151,800. United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54. Spain GDP improved upon its previous reading of 0.5 with a new data release of 0.6.

Euro-Dollar's value drop coincided with the fact that AUD/USD is down to 0.6678, losing 82 pips, after ending the previous session around 0.676.

Positive performances can be seen by looking at other currencies as USD/SGD added 0.59% and closed around 1.3445 yesterday. Notably, EUR/AUD rose 0.64% yesterday and closed at 1.6214.

Furthermore, Euro Zone ECB's Schnabel speech set for today at 13:15 UTC.

Having established significant support at 0.9596 approximately 8 months ago, the Euro's share price has bounced 14.2% higher.