I agree with the fall of euro for this week at least.....new scenario will be seen for next week.....
EUR/USD Forecast December 10-14
EUR/USD has an exciting week that began with a gradual climb and a sharp downfall, as Draghi dragged down the euro, below last week’s close. Where will the pair go from here? German ZEW Economic Sentiment and Flash PMIs are the main events on our calendar. Here is an outlook on the main market-movers this week. Following last week’s ECB rate decision, president Mario Draghi hinted on a rate cut possibly at their next meeting after reducing ECB’s forecasts for the euro zone’s economy. The Bundesabnk followed with its own lower forecasts. Draghi,also opened the door for a negative deposit rate. Will these ... (full story)