Euro/dollar slid within the range in a week that saw a deterioration in the global mood. The upcoming week features the highly anticipated EU Summit among other events. Will we see progress with Spain and Greece? Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD. Spain’s credit downgrade by S&P added to the nation’s troubles. The potential Spanish bailout request does not seem that close now. One of the factors that weighs on such a request is the statement by Merkel’s adviser that Germany is actually thinking about its banks when lending a hand to other countries. Together with ... (full story)