Today’s ZEW data out of Germany and the Eurozone is expected to impact price action in the Euro. Economists anticipate the German Expectations Index to move into positive territory and the same holds for the Eurozone Economic Sentiment Index. The EURUSD retraced back down to a key support level, how will this currency pair react following the release of economic data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Following Friday’s blockbuster NFP report out of the US, today’s final revision to Non-Farm Productivity and Unit Labor Costs will remain in focus. The NFIB Small Business Optimism Index is expected to show a slight improvement. The US Dollar failed to capitalize on the strong labor report, how will the EURUSD be impacted by the release of today’s data? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.