EUR/USD drifted around and edged higher as markets tried getting back to normal. Will the pair choose a new direction now? The ECB’s rate decision stands out as the big event of the week but certainly not the only one. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.

The end of the political uncertainty in the UK cheered also the euro and helped it advance. Inflation figures came out as expected in the euro-zone and we still do not have a resolution to the issues in Italian banks. In the US, retail sales look good and other figures were good enough, but political events grabbed the headlines.

Updates:

EUR/USD daily chart with support and resistance lines on it.