EUR/USD MIXED ON WEDNESDAY BUT POINTED DOWNWARD

• EUR/USD drifted below 1.0800 after EU sentiment missed the mark.
• US GDP came in mixed, driving EUR/USD back to baseline.
• US PCE inflation to be the key data release this week.

EUR/USD sagged early Friday after European sentiment indicators came in below expectations, and a lopsided print in US Gross Domestic Product (GDP) figures kept the pair in familiar territory midweek.

Thursday brings plenty of data for investors to chew on with German Retail Sales and Consumer Price Index (CPI) numbers, which will be closely followed by US Personal Consumption Expenditure Price Index (PCE) inflation. Friday will round out the week with pan-European Harmonized Index of Consumer Prices (HICP) inflation, as well as the US ISM Manufacturing Purchasing Managers Index (PMI) for February.