EUR/USD dropped for the third week in a row, but managed to close above the lows. Can we expect a correction now? GDP figures are at the center of attention, with the big question: did Germany slip into a recession? Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. A challenge to Draghi’s leadership style and policy helped the euro recover on speculation that the easing tools are limited. However, Draghi defied discontent by reaffirming the message that the balance sheet is set to expand towards the 2012 levels, and that all tools are on the table. The euro was hit hard. ... (full story)