EUR/USD traded in range throughout the week. Its dips to the downside resulted in quick bounces. The big event of the upcoming week is the rate decision: will Draghi make a bold move? Apart from that, we have services PMIs and a few important German figures. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Euro-zone inflation rose to 0.7% and core inflation to 1% in the initial data for April. These are still low levels, but perhaps not ones that will force the ECB to act. Draghi’s dilemma is becoming more complicated and the uncertainty towards the decision is growing. ... (full story)