Euro/dollar had a fifth consecutive week of downfalls as the situation in Spain is deteriorating quickly, “winning” more negative attention than Greece and Italy. The upcoming week at the wake of the new month is quite busy, with a rate decision by the ECB being the highlight. Will the central bank step up to stabilize the situation? Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. Conditions are also worsening on the other side of the Atlantic: Non-Farm Payrolls came out below the most pessimistic forecast and downwards revisions also soured the mood. Nevertheless, the ... (full story)