EUR/USD traded on high ground but eventually returned to the same place The big event ahead of us is undoubtedly the ECB decision. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.
Euro-zone data fell short of expectations: with German confidence falling sharply, a narrower trade surplus and a reminder of poor inflation, things don’t look good. The ECB also stepped up its game regarding inflation and further action: a comment by Nowotny showed us that the central bank does not like a strong currency. In the US, the poor retail sales certainly hurt the greenback, but it made a comeback with good inflation data. The ugly contest continues.
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