On Friday we will get a look at the Eurozone CPI for October. The ECB has surprised almost everyone with their interest rate cut as for now there are no inflationary pressures to be found. The CPI is expected to come in at 0.7% while the core CPI is expected to come in at 0.8%.
The Euro may not move drastically in either direction unless we see a surprise surge in inflation anytime soon which is not expected given the stagnant growth rates since the debt contagion flamed up. It is better than to have stagnant growth and high inflation also known as stagflation.