EUR/USD drifted close to 1.10 during most of the week but was propelled higher on USD weakness. Is it breaking out of range? The upcoming week features PMIs as well as other figures. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The Brexit ramifications are not so terrible for Germany according to IFO. GDP came out as expected at 0.3% and inflation beat predictions with +0.2%, giving a bit of hope for the ECB. The EBA stress tests did not tell us something we didn’t know. In the US, the Fed was more upbeat but did not provide a hint for a hike. The bigger blow for ... (full story)