The German ZEW Economic Sentiment is the major European event this week. Will it end the Euro rally? Here’s an outlook for the European events and an updated technical analysis for EUR/USD.
I return to the bearish sentiment on the Euro.
EUR/USD made a strong correction, and is leaning towards the bottom of the uptrend channel. The debt issues in Europe are far from over, and American figures should show the difference once again, resuming the downtrend.