EUR/USD had a wild week, where the weakness of the dollar beat the weakness of the euro and sent the pair higher in exciting market action. PMIs and the EU Economic Summit are set to stand out. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD. Pessimism among German businesses as reflected by ZEW, a plunge in industrial output, a cut of German forecasts and spiking peripheral yields all weighed on the euro. Data later improved with a small upgrade of core CPI, but the driver of the pair’s gains came from the other side of the pond. First it was weakness in US retail ... (full story)