Euro/dollar made quite a few attempts to recover, but had no success and eventually ended the week on the edge of the high cliff – a historic support line. Will it fall off? Forward looking purchasing managers’ indicators, and various surveys fill the agenda this week. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. Spain drew attention: despite the Eurogroup approval of the bailout (with an extended deficit target) and the German approval of the option to directly recapitalize banks, the troubles in the region of Valencia and the skyrocketing yields eventually hurt the euro, ... (full story)