EUR/USD retreats on Eurozone economy expectations

The EUR/USD has been trading on a bullish trend throughout the last two weeks, with an increase from 1.1520s to 1.1660s, although this climb was more of a reaction of the larger downtrend, and it seems to have ended now.

The US economy is speeding up again, as it enters another expanding phase, while the Eurozone economy is losing momentum, and the expectations by the European Central Bank suggest weakening trend as winter cold is looming.

The German IFO business climate Index, Monday, confirms that trend. IFO economists expect the German economy to slow down, while ECB economists see the Eurozone economy slowing down as well.