The euro showed mixed trading against its major rivals in the early European session on Wednesday, following the release of a survey which showed that the Eurozone private sector expanded at a slower pace as estimated in April.

Data from Markit showed that the services Purchasing Managers' Index of euro area remained unchanged at 53.1, but below the flash score of 53.2. The composite output index dropped marginally to 53 in April, in line with flash estimate, from 53.1 in March. The index signaled expansion in each of the past 34 months.

Germany's private sector expanded at the slowest pace in 11 months in April. The composite PMI declined to 53.6 from 54 in March. The flash score was 53.8. The final services PMI fell to a 6-month low of 54.5 in April from 55.1 a month ago. It was slightly below the initial score of 54.6.

The French private sector recovered in April. The services PMI increased to 50.6 from 49.9 a month ago. This was the highest score in 5 months but below the flash estimate of 50.8.

In the Asian trading today, the euro held steady against its major rivals.

In the early European trading, the euro rose to more than a 2-week high of 0.7924 against the pound, from an early low of 0.7893. The euro may test resistance near the 0.80 region.

Against the Swiss franc, the euro dropped to 1.0975 from an early high of 1.0992. On the downside, 1.08 is seen as the next support level for the euro.

The euro slipped to a 2-day low of 1.1469 against the U.S. dollar, from an early low of 1.1511. The euro is likely to find support around the 1.12 area.

Against the yen, the euro fell to 122.74 from an early 6-day high of 123.50 and held steady thereafter. Looking ahead, at 6:15 am ET, Germany's Bundesbank President Jens Weidmann is expected to speak at annual meeting of the Asian Development Bank in Frankfurt.

In the New York session, U.S. ADP private sector employment data for April, ISM non-manufacturing PMI data for April, U.S and Canada trade data for March, U.S. factory orders and durable goods orders for March and U.S. crude oil inventories data are slated for release.

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