The EUR/USD has been consolidating since falling to 1.11 after the ECB’s QE announcement. It has since weathered some bouts of USD-strength and continued to consolidating above 1.1260. Today, after ZEW economic sentiment Data, the EUR/USD is looking for further consolidation, bullish correction. For both Germany and the Eurozone, sentiments improved for the 4th consecutive month in February, suggesting that sentiments have bottomed and are improving fast. This can be largely attributed to the decline of oil prices, which has had positive effects so far (unless you’re an oil rigger). Also, the announcement of QE ... (full story)