EUR/USD Falls, Euro Area Manufacturing PMI Steady

EUR/USD is trading at 1.0552, down 0.0057. The pair is trading at the session lows. Chatter about European headline news is making the rounds. Some chatter about buyers backing away for 1.0530 is showing up. Sellers are seen near 1.0580 and 1.0630. Markit's Euro area February manufacturing PMI (purchasing managers survey) edged up to 55.5 from 55.2 in January. The Euro area February services PMI rose to 55.6 from 53.7 in January. The Euro area February composite PMI rose to 56.0 from 54.4 in January. The IFO Institute's German Business Climate surveys are scheduled for release at Wednesday 4:00 a.m. ET.