Probably the most anticipating news for euro this week is Thursday's ECB interest rate decision. Despite recent interest cut and negative rates rhetoric EUR/USD has been quite strong if you take in consideration those 2 arguments, and that's mainly due to better than expected German data. Also technically speaking the 1.3300 level has been limiting the downside, and coincidence or not that's the level from where we had that massive rally after the NO taper decision. As long as there are no clear signs of tapering starting sooner than later I don't see any reason for this upward movement not to continue. I do think in the coming weeks we may see higher levels.
At its December meeting ECB can hint to what policy measure they have in mind to curb the economy situation in EU zone. More likely Mario Draghi will use his rhetoric to put some pressure on the back of euro but we can see from the past price action this hasn't had strong impact. In conclusion I'm not expecting to much to come out from this meeting.

Best Regards,
Daytrader21
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