Lets look forward for the producer price index. In my opinion the price is oversold and we need a correction.
ok lets see..Greece near default, ES,POR,IT on the bring to do the same, and the inflation is just under 1% ( 0,4% i saw 2day) after summer only those countries who are not deppend on turrism have a chanche to gain but Russia put a stop on that ..i see a downtrent until EURUSD is about 1.25 +-
These conditions were the same in the time of the overrated EUR until Draghi canceled it before June. The price stabilized around 1.35-1.36 like in the beginning of this year but the Russia Ukraine crisis pressed the market lower until this key level at 1.33. If nothing happens on the geopolitical level we will propably see a mid term correction towards previous level at 1.35 and this is just my opinion :)