The euro has surpassed the 50% retracement of the slide since Oct 17 when it peaked near $1.3140. The 61.8% retracement comes in near $1.2960 and is seen as the next immediate objective. The driving force is not the fundamental strength of the euro area economy. The PMI trumps the IFO and poi…
Go here to read the rest:
Overview of Liquidity Conditions in Euro Area