Euro/dollar fell to new lows, made an impressing recovery of almost 400 pips but eventually closed at the same place. The upcoming week consists of industrial production and inflation numbers standing out. Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD. Trichet’s last rate decision include massive bank liquidity but no rate cut. This and the fresh suspense in the Greek drama provided some breathing space for the beaten euro. But troubles are far from over and suspense doesn’t last too long. The action is set to resume. EUR/USD daily graph with support and resistance lines on ... (full story)