We could see some big swings in eur/usd in coming days. The European court of justice is ruling today on whether the European central bank’s bond buying plans will be curtailed by legal limits. It is well publicized that Germany is strongly against these plans. The plan is expected to pump about $500bn into the financial system to help fight deflation.
Greece is also in the spotlight since we have the election at the end of the month. Greece exit from euro monetary union is a possible outcome of that.