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The US economy kept growing in April but at a slower than expected pace.
German Retail Sales unexpectedly rose by 11% YoY in March.
EUR/USD has retained the 1.2000 threshold, but its bullish potential is limited.
The EUR/USD pair trades around 1.2060, up for the day, holding near a peak at 1.2075. Markets started the week in slow motion, as China, Japan, and the UK celebrated bank holidays. Nevertheless, investors were mildly optimistic, with most European and American indexes closing in the green. Wall Street was mixed, as US data indicated growth, but missed expectations. The final reading of the April Markit Manufacturing PMI resulted in 60.5, below the 60.6 expected. The official ISM Manufacturing PMI for the same month came in at 60.7, well below the 65 expected and the previous 64.7.