EUR/USD Outlook February 20-24 2012
Euro/dollar dropped to the lowest levels in this month before making a correction in a very choppy week. If everything goes well, the current chapter in the Greek saga will be sealed with the launch of the second bailout program. Later, PMIs and an important German survey are the highlights . Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. The euro-zone contracted in Q4, as expected. Nevertheless, the contraction is lower than expected, at 0.3%, and France surprised by posting growth. Purchasing managers’ indices will shed light on the current economic situation. Will the recession be mild?
- Posted: Feb 19, 2012 12:26pm
- Submitted by:Category: Fundamental AnalysisViews: 2,096Comments: 0