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After a massive week the economic calendar cools off in the number of high impact data releases, which, for the UK, appears at the end of the week with that crucial GDP print and a potential move lower in the impressive University of Michigan Sentiment preliminary figure.

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US Dollar Index comes to life, finding support of the May 2022 swing low. More upside ahead?

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The euro area economy posted an unexpected expansion in the fourth quarter, preliminary flash estimates released by Eurostat showed on Tuesday.

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The weekly price is breaking 200 SMA to above for the primary bullish weekly reversal:
the price is breaking the resistance level at 0.7141 for the 0.7670 as the next target to re-enter.

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Economic conditions are improving in Europe ahead of the ECB meeting next week but motivation to ‘stay the course’ remains very strong. Blockbuster week ahead as high-importance risk events stack up (FOMC, BoE, ECB, EU CPI and GDP, NFP and more).

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