(AI Video Summary)
Weaker European data is being compared to stronger US data in the week starting 29 April. Jeremy Naylor predicts volatility in the EUR/USD trade based on upcoming economic indicators. This includes inflation and GDP data from France, Germany, and the eurozone, as well as German job and retail figures. The contrast between weaker European data and stronger US figures, like recent PCE data, may lead to a potential strengthening of the US dollar.
There is potential volatility expected in the EUR/USD pair. The discussion also involves technical analysis, focusing on support and resistance levels in the exchange rate. A trading strategy is proposed, favoring a short position with a target at the 106 level. This strategy is based on expected economic data outcomes that could impact currency strength.