Euro/dollar had a positive week, riding on the determination of the ECB in using its firepower to counter the Spanish crisis. The upcoming week is even more important, with the German constitutional court’s ruling needed to enable the bailouts. There are quite a few additional regular indicators and special events. Will the rally continue?. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. Mario Draghi provided the goods with the OMT: a plan to buy an unlimited amount of bonds with a maturity of up to 3 years – a wider scope than expected. While full QE was not approved, Draghi ... (full story)