Statistics on the labor market in Germany cheered investors. Thus, the number of unemployed in November fell by 14 thousand people, against an expected decline of 1000. As a result, the number of unemployed now stands at 2.87 million. It is worth noting that the unemployment rate remained at 6.6%, which is the minimum value for 20 years. It is also worth noting the improvement of the index of business confidence and growth of the economy as a whole. Decline in the euro and the reduction of unemployment stimulates the growth of consumer spending. We predict that the stimulus package from the ECB will lead to a further decline of the euro and the activation of the economy in the Eurozone. Our medium-term outlook for the euro remains negative with the objectives of 1.22 and 1.20.