EURUSD - Neutral - Pre Payroll

We have changed our view on EURUSD to neutral as the currency pair has dropped below support at 1.1045 on the back weak EUR data with Eurozone retail sales coming in at 1.3% vs 2.3% forecast. Therefore we believe the currency pair could drop towards 1.09 if the payroll number tomorrow stronger than expected as US data has been strong recently with ISM manufacturing coming in at 55.5 vs 55.1 forecast.