EUR/USD had a roller coaster week, trading in a range of around 450 pips. Will the action continue? What is the next direction of the pair? German ZEW Economic Sentiment and inflation data are the major events this week. Here is an outlook on the main market-movers ahead and an updated technical analysis for EUR/USD. Last week, the euro continued to drop against the dollar, and lost long term uptrend support, falling to its lowest level since early April, following the European Central Bank (ECB) officials hint that interest rates will remain low for a period of over 12 months. In the meantime, the Eurogroup released ... (full story)