EUR/USD retreated in the first week of 2013, after another attempt to break higher evolved into a downfall. The fiscal cliff deal boost proved temporary after the Fed showed less dovishness. The focus shifts to Europe, with an all-important rate decision as well as employment data. Here is an outlook on the main market-movers this week and an updated technical analysis for EUR/USD, now at lower ground. US politicians managed to avert the fiscal cliff, but set the ground for another crisis in two months time: the initial market cheer was also hit by Fed’s meeting minutes: is the central bank willing to ease the easing ... (full story)