EUR/USD: Short Term (1-3 Days): Neutral– Medium Term (1-3 Weeks) Bearish
Conversely to the dollar’s story of a mid week comeback , EUR/USD took a beating into the second half as longs were liquidated on the dollar rebound. Concerns remain over Greece and elections in Europe are presenting a fragmented political picture which could manifest itself in many country’s national elections this year. This political uncertainty will not support EUR. Inflation data eyed along with ECB meeting minutes.