EUR/USD flirts with weekly low near 1.0850, Eurozone Retail Sales, US employment/PMI data eyed

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• EUR/USD rebounds from intraday/weekly low but struggles to gain upside momentum.
• 50-DMA break, hawkish Fed Minutes and risk-off mood together weighs on the Euro pair.
• Softer US data prods sellers ahead of mid-tier Eurozone, United States data.
• Headlines about China, recession will also be important for fresh impulse.

EUR/USD picks up bids to consolidate recent losses around the weekly low as it bounces off 1.0842 to 1.0850 amid very early Thursday morning in Europe. In doing so, the Euro pair prepares for the top-tier statistics from Eurozone and the United States.