Euro bears continue to push down, eyeing fresh one month lows

Euro bears continue to push down, eyeing fresh one month lows. This is mostly fueled by weak data incoming from the Eurozone. This negative bias is expected to continue as the European Commission publish their newest forecast of the economy today. Currently the dollar is exhibiting strength and hitting the Euro hard.
German industrial output fell further, undermining already lowered expectations. German factory order numbers missed sharply by -7% y/y showing the problematic situation within the EU. Today we expect that the European Commission will predict in their new Economic Forecast slightly stunted growth expectations. The last report in Autumn saw growth expectations to be slashed to 1.9 in 2019 and 1.7 in 2020. Now it does not look like those numbers will be reached.