Euro: big move within next two days

According to my watch, we're probably going to see a big move in euro within the next couple days...either up or down. There seems to be a lot of euro bears out there, and euro has been lagging behind gold, silver, and yen. Looking at the charts, euro is testing its recent breakout in a symmetrical triangle formation (hopefully a bullish pennant), while eur/jpy also seems to be near a critical juncture. Tomorrow we have NY manufacturing, PPI, and retail sales data coming out at 8:30am, so look for some big moves around that time. Also note that Citi, JPMorgan and Merrill Lynch are coming out with earnings on Thursday. If euro is going to break $1.60, which I hope it does, it's gotta happen this week.

Euro: 2-week (potential bullish pennant)


EUR/JPY: 1-month