Will the Euro Area PMI reports put the euro on the defensive over the next few trading sessions? Our Event Guide for September’s Euro Area flash PMIs suggests that the common currency could dip if the reports show further business contraction. However, any weakness may be brief before EUR returns to taking its cues from its major counterparts and broader market sentiment. Here’s why EUR/USD and EUR/AUD could offer trading opportunities if the PMIs come in mixed to bearish: