Room to roam for the EUR/USD
There has been more poor data out for the Eurozone this morning and the EUR/USD is currently at 1.1931 and threatens to test Friday's lows at 1.1913.
The NFP data on Friday was interpreted as meaning that the Fed will need to hike twice more this year. With unemployment falling to 3.9% from 4.1% better times are ahead.
IF EUR/USD breaks 1.1900 we have quite a clear run heading down to just above the 1.1700 area...
