Forex traders will get ZEW data out of Germany and the Eurozone today. Economists predict a minor slowdown in January as compare to December, but German data has been extremely disappointing. The EURGBP is in a holding pattern inside of its horizontal support area, but a disappointment in today’s economic data is expected to move this currency pair. Will bulls push price action higher, or will bears force a breakdown? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Following November’s extremely strong labor report, forex traders look forward to today’s data featuring a snapshot for December. A second consecutive strong report is likely to rally the British Pound. Economic data out of the UK has received a boost after PM Johnson secured an overwhelming majority in parliament, delivering Brexit just over two weeks ago. How will the EURGBP react after today’s employment report out of the UK? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.