Expecting short term down. Risk is up to you I don't like to trade counter trend but who knows.
Aside from the EU Finance Ministers meeting, a number of key economic reports are scheduled for release next week including Europe January PMI numbers, the German ZEW and IFO reports. Since growth is greatest risk for the euro, the near term outlook for the currency pair will hinge on next weeks data releases. Good numbers could push the pair above 1.34 while weak numbers could drive a break below 1.32.
Source and full story: www.bkassetmanagemen...pause-or-a-top_3795/
Aside from the EU Finance Ministers meeting, a number of key economic reports are scheduled for release next week including Europe January PMI numbers, the German ZEW and IFO reports. Since growth is greatest risk for the euro, the near term outlook for the currency pair will hinge on next weeks data releases. Good numbers could push the pair above 1.34 while weak numbers could drive a break below 1.32.
Source and full story: www.bkassetmanagemen...pause-or-a-top_3795/