EUR/USD tumbled down to 4 month lows as the solution for Cyprus left worrying precedents for the future. The beginning of a new month puts the focus on Mario Draghi and the ECB. Will the central bank pull a new magic trick? In addition, we have PMIs as well as many other interesting events are on our list for this week. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD, now in lower ground. The updated decisions for Cyprus spared holders of small accounts, but left a lot of uncertainties and open wounds. The suggestion that “bail ins” by depositors could be seen elsewhere ... (full story)