Anybody long on this pair? Im still long at 1.5769, 1.5684, 1.5638 and 1.5558 level. Any chances of EUR heading back North? Any comments? Thanks in advance.
Yeah, German ZEW should let you know one way or the other!! Good luck, I'm avoiding that pair like the plague for now.
My gut feeling is a better than expected ZEW and lower than expected US PPI and we should be in for a good rally, but I'm still sitting on the sidelines with this pair for now.
who knows, right now its just waiting for more news. credit crunch in the eur zone? we will find out soon