Hey guy's Sure the EUR/USD is doing quite well, holding above 1.2200, but will since the US ISM Manufacturing data is expected to increase to 54.5 from prior months 53.8, will this have a neg effect on the EUR?
I believe this correction still has some way to go - NFP Fri is a bit a wild card although pre Thurs US market close the guys short EURUSD could be fetched from their hiding places kicking and screaming. After NFP we could spike down with a great number (200k plus)although I still feel this could be fairly short lived before the correction resumes and most USD longs are shaken out before the next leg down resumes. Currently good news (ISM case in point) is simply being ignored - showing signs that the correction has some ooomph!