It was a tough week behind us as EUR/USD was really volatile and deciding between long and short. The highest level reached was 1.0762 on Thursday and the pair retraced from that level after ECB Draghi reiterated on Friday morning his dovish stance and preparedness to act as strong as needed to achieve ECB's goal of 2% inflation as soon as possible.
Ahead
EUR/USD is not expected to squeeze shorters higher anymore but continue falling to the next station 1.0460. In focus next week EU, DE, US PMI numbers with German final GDP and Business Climate as well as USD GDP second estimate and Consumer Confidence.