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: http://www.bkassetmanagement.com/eurozon...
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: http://www.bkassetmanagement.com/eurozon...