Euro/dollar enjoyed the new hope for a big plan to resolve the crisis. The upcoming week is very busy, and consists of a rate decision and yet another European Summit. Will this one be different? Here is an outlook for the upcoming events, and an updated technical analysis for EUR/USD, now on higher ground. 6 central banks coordinated to cut US dollar swaps by 50 basis points. This provides some relief for the troubled European banks, but doesn’t solve Italy’s big problem: high costs for debt. Many ideas are floating, but there’s only one player that is able to provide a game changing move: the ECB. Will it finally ... (full story)