EUR/USD failed to hold onto higher ground in a mixed week. The ECB meeting is clearly the big event of the upcoming week, but not the only topics on the agenda. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.

While the euro-zone economies are growing nicely, not everything is perfect. The Sentix Investor Confidence and retail sales both fell below expectations. ECB President Mario Draghi did not rock the boat in his speech. In the US, the significant progress on tax cuts sent the dollar higher even if the data were not always that great. The NFP report showed a healthy gain in jobs but also that wages are stuck. The Fed is unlikely to rock the boat and hike as it has well-telegraphed.

Updates:

EUR/USD daily chart with support and resistance lines on it. Click to enlarge: