EUR/USD Steady, German Composite PMI Slips

EUR/USD is trading at 1.1216, up 0.0007. The pair is trading rangebound and in the middle of a narrow overnight range. Market chatter about global headline news is making the rounds. Germany's September composite purchasing managers survey (PMI) slipped to 52.8 from 53.3 in August. Germany's service PMI edged down to 50.9 from 51.7.