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Weak European CPI and GDP Should Point to a Lower EURUSD. What Are the Charts Saying?

The EUGDP and CPI was weak today. Yet the EURUSD is not really moving What should traders look for from a technical perspective if the EURUSD is to continue the trend move lower.  
Greg Michalowski, Founder and President of GregMikeFX.com, a foreign exchange consulting company, and author of Attacking Currency Trends (WIley Publishing) has 28 years experience as a trader and financial analyst. His career began at Citibank New York and later at Citibank London where he was a Vice President and trader of interest rate derivatives. He later joined Credit Suisse First Boston, New York, in the same capacity as a derivatives trader and market maker in the banks Funding Department. In 2000, Greg transitioned to FXDD where he was one of the founding employees of FX DirectDealer (later FXDD). While at FXDD, he helped manage the currency risk, and later become the Chief Currency Analyst. Greg has educated and spoken around the globe to thousands of retail traders. He has written for various publications including Equities magazine. His thoughts on the forex market have appeared in the Wall Street Journal, Bloomberg, and Thomson Reuters.
Greg Michalowski, Founder and President of GregMikeFX.com, a foreign exchange consulting company, and author of Attacking Currency Trends (WIley Publishing) has 28 years experience as a trader and financial analyst. His career began at Citibank New York and later at Citibank London where he was a Vice President and trader of interest rate derivatives. He later joined Credit Suisse First Boston, New York, in the same capacity as a derivatives trader and market maker in the banks Funding Department. In 2000, Greg transitioned to FXDD where he was one of the founding employees of FX DirectDealer (later FXDD). While at FXDD, he helped manage the currency risk, and later become the Chief Currency Analyst. Greg has educated and spoken around the globe to thousands of retail traders. He has written for various publications including Equities magazine. His thoughts on the forex market have appeared in the Wall Street Journal, Bloomberg, and Thomson Reuters.
The astronomer Carl Sagan said, “It was easy to predict mass car ownership but hard to predict Walmart.”