EUR/USD had its moments of recovery, but eventually closed the week at new lows. Is the round number of 1.25 a bottom, or just another stepping stone on the way down? Yet another speech from Draghi as well as some important German data dominates this week’s trading. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Despite rock bottom inflation levels, Draghi did not rock the boat in the ECB meeting. While providing some details about the ABS, he did not seem very worried and the result was a stronger euro. On the other side of the Atlantic, data began looking sour and ... (full story)