We expected to see turbulence today, but from GBP – a currency facing a very important report on the strength of the businesses and a result the support of the currency for the future. Bur instead we got a pretty nasty fall from EUR – a currency that unexpectedly dropped lower than was previously assessed. It seems that a disappointing piece of economic data from Germany indicating that outlook on the national economy of Germany worsened compared to the same period of time last month has played a major role on the downfall of euro. As long as German economy seems weak euro is not going to have the possibility to recover. Unless greenback displays its weakest points and spots.

National German survey seems to have much more power than we would think it to. The drop was sudden and very unexpected. Now we need to get all of the patience and wait for the recovery to come. But as was already said it is only possible if we see any good economic data coming out of Eurozone in the nearest time.

Will dollar fail and provide the best support for European currency? Use your trading signals and know the exact time it is going to happen!