source: tradingeconomics
Here is what Kathy lien from BK asset management has to say about Euro:
Meanwhile the euro will finally get some love next week. Compared to many of other major currencies, the decline in EUR/USD was restrained this week by the lack of key economic data and comments from European policymakers. That changes completely next week with May PMIs, ZEW, IFO and German first quarter GDP numbers scheduled for release. The ECB is in wait and see mode and the PMIs will go a long way in telling us how quickly they will ease again. The currency pair has found support at 1.12 this week and stronger numbers will confirm a bottom while a soft report could drive the pair to fresh 1 month lows.
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