On Friday we will get a read on fourth-quarter GDP data out of the Eurozone which could be an interesting one as economists expect an increase of 0.4% which would compare to a contraction of 0.4% in the previous GDP report.
I am looking for a better than expected GDP data out of the Eurozone on Friday and think we may get a 0.6% rise which should send the Euro rallying higher. I already have my longs in the EURUSD since last week when we dipped below 1.3500 and think if we indeed get a better than expected read could see the EURUSD rally past the 1.3800 mark.