EUR/USD traded in a lower range but did not go anywhere too far as a multitude of factors kept it from making significant breakouts. What’s next? The ECB’s rate decision stands out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.

The Euro enjoyed some optimism on Brexit and got carried away by the Pound. However, the moves were not one-sided and the pair’s range was relatively limited. Concerns about emerging markets somewhat faded away while US tariffs on China reached the forefront. Euro-zone PMI’s were mixed while German factory orders disappointed. US data were mixed as well. The market mood, mostly influenced by tariffs and Brexit, moved the EUR/USD more than anything else.

Updates:

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