EURUSD This Week: German CPI Print Pre-Analysis

The German CPI data MoM coming up this afternoon (UK Time) could shock Markets in the Eurozone. If inflation is sticky, then it could change the thinking of ECB members and continue EUR strength.

Longer term, EURUSD has been trending to the downside on slight negative sentiment bias (EURO VS USD). We may see price rise to continue this trend over time.

We can discuss the Sentiment case going forward, and some technical levels this week.