EUR/USD certainly enjoyed a recovery, resulting mostly from weakness in the USD. Has it bottomed out? A testimony by Mario Draghi, PMIs and another important German survey are the big events of the week. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Yet again, German business sentiment fell short of predictions. The Greek crisis is still around with ongoing discussions and tensions. In the US, the Fed certainly sounded more dovish despite removing the “patience” guidance. This hurt the dollar badly and even sent EUR/USD above 1.10 temporarily. However, this was ... (full story)